Last week the WSJ had a piece about why people give to college endowment funds despite the already incredible size of these endowments. He used Harvard, with a 35 billion dollar endowment as his prime example. Today, they have a piece about why Harvard cost so much in the first place.
Harvard must have been listening. This week, they announced a plan to pay for the education for any who's family earns less than $60,000/year.
Good for Harvard, now if we can just get the rest of these endowments to start kicking in, we might start to see some reduction in education inflation.
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