Colleges Face U.S. Hearing on Tuition Hikes, Tax-Free Endowments
- Lawmakers set Sept. 13 hearing to discuss endowments
- Many schools expect to report fund losses for fiscal 2016
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It’s back to school for university endowments and U.S. lawmakers.
A Sept. 13 hearing of a House Ways and Means subcommittee is set to look at how colleges, through their tax-exempt endowments, are trying to reduce tuition. The hearing in Washington, which will feature testimony from policy experts and college representatives, comes as many endowments are expected to post investment declines for fiscal 2016.