Editorial Board

Taxing Wealthy Colleges Would Do More Harm Than Good

Cracking down on endowments would set back economic development without stopping tuition increases.

Could be you.

Photographer: Emile Wamsteker/Bloomberg

America's universities have become behemoths -- the result of swelling donations, rising tuitions and growing anxiety among parents that their children cannot succeed without college degrees. None are flourishing more than the most elite private schools, eight of which have endowments of $10 billion or more.

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