U.S. Colleges Riding Bull Market to $1 Billion Endowments
American universities are the richest they’ve ever been, with a record number of schools sitting on endowments valued at $1 billion or more. Generous alumni donations and stellar portfolio performance for the year ending in June was led by schools heavily invested in stocks. At the same time, experts estimate there’s roughly $1.3 trillion of student debt outstanding, raising the question for some of why schools don’t use more of that money to lower tuition and ease the financial burden on those enrolling.