Yale Touts Affordability After Claim University Hoards Endowment
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Yale University said it provides students with “extraordinary support” following criticism of how it spends and manages the school’s $23.9 billion endowment.
Yale, which has the third-largest endowment of any U.S. college, was reprimanded in an op-ed article in Wednesday’s New York Times for “hoarding money” and overpaying investment fund managers at the expense of students.