They're rolling in dough and we're still coughing up.
Last year, the average college endowment increased by 17 percent. Dozens of schools now have endowments of more than $1 billion — and it isn’t just the heavy hitters such as Harvard University, which has an endowment of $35 billion. The University of Maryland’s Great Expectations campaign set a goal of $1 billion. Even the University of Delaware’s endowment tops $1 billion. Spending just 1 percent of that money on financial aid would free $10 million for scholarships. When so many schools are flush with money, why does Congress continue to soak taxpayers?
To quote Judge Smails, "The world needs ditchdiggers, too."