Higher education becomes even more unequal, and a major proposal
American higher education is becoming even more unequal, according to Moody’s. Universities with the largest endowments now own a larger share of the entire sector’s wealth than previously.
Some data to consider:
The 10 richest universities in America hold nearly a third of the total wealth, in cash and investments, amassed by about 500 public and private institutions. The 40 richest hold almost two-thirds of the total wealth.
The Matthew Effect is in play:
These schools are drawing an outsized share of gifts to colleges and universities. Their assets grew at at a far faster rate from 2009 to 2014 than the portfolios of schools in the middle and bottom of the pack.
Schools on Moody’s top-40 list saw assets grow by 50% between fiscal 2009 and fiscal 2014…
“It’s really a tale of two college towns, if you will, or cities,” said Karen…
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