Business

Colleges and universities generally aren't happy about the endowment tax, but many are paying less than the tens of millions of dollars reported by the country's wealthiest universities, a review finds. And even those ultrawealthy universities might end up paying substantially less.

University leaders are tight-lipped about sudden closure plans, but a few events may have been warning signs. Now, details emerge about tensions with the university's affiliated church, leaving other colleges, church members and higher education sorting through the pieces.

Public universities in several states are obligated to buy furniture and other products made in state prisons, which some students call exploitative.

Almost half of federal student loans are being repaid through more generous income-driven repayment plans, new data show, with 80 percent of government subsidies now going to graduate student borrowers.

New data show that graduate students are earning windfall benefits with income-based repayment, Jason Delisle writes, arguing that the federal programs are providing the largest benefits to those who need them least.

Binghamton University hopes to expand its national profile with a new baseball stadium paid for by an anonymous donor.

State appropriations originally intended to subsidize higher education based on enrollment are being redeployed to prop up colleges that are financially struggling, writes Christopher Fiorentino, who recommends a new approach.