WSJ Article: Why Top Colleges Squeeze You Dry

<p>Let me ask this: where does the endowment money come from that funds need-based aid? Is it not largely from the rich and super rich? John Kluge $400 million to Columbia. In a recent capital fundraising campaign at Dartmouth, 1,111 gave $1.1 billion, 85% of the $1.3 billion raised. The rich are not compelled to pay huge sums of money to attend, but the do voluntarily give huge sums of money.</p>