NAICU - College Coffers Are Filling Up, But Costs Are Slow to Come Down

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College Coffers Are Filling Up, But Costs Are Slow to Come Down

Wall Street Journal

February 7, 2012

New figures show university endowments averaged total returns of more than 19% for the fiscal year ended last June, the second consecutive year of gains, according to the National Association of College and University Business Officers and Commonfund, a nonprofit asset manager. Yet schools say they can't cut tuition until their endowments have had more years of strong growth. "Dramatic changes won't come instantly," says David Warren, president of the National Association of Independent Colleges and Universities, which represents more than 1,000 U.S. private colleges.

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