Half of endowment spending supports financial aid

February 1, 2019

Amid a national cry for higher education institutions to do more to increase access for poor students – especially elite schools with billion-dollar endowments – new data show that nearly half of all endowment spending by colleges and universities supports financial aid.

“This was the largest single area of endowment spending,” Susan Whealler Johnston, president and CEO of the National Association of College and University Business Officers, said this week in a call with reporters. “This clearly demonstrates the deep commitment colleges and universities make to support financial aid and student success.”

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