WSJ Article: Why Top Colleges Squeeze You Dry

[ellemenope]

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That article should have been written BEFORE the financial crisis and the loss of endowments by colleges. I’m not saying that colleges (or their financial managers) are not responsible for straits they find themselves in. But the solution the author proposes won’t fly. Raise the endowment payout? Some are doing so and risking more financial problems down the road.

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<p>Agree with Marite that this article’s “solutions” would have had more traction in 2008–not really applicable to the endowments of 2010.</p>