A new report from the National Bureau of Economic Research (abstract available here) finds that college and university endowments change their policies on spending rates regularly -- a finding that was not expected. "Given the long-term and relatively static nature of the investment problem faced by the typical educational institution, existing theoretical models of endowment management predict that the permanent portion of the stated spending policy should be highly stable," the report says. But based on an analysis of more than 800 college and university endowments from 2003 through 2011, the study found that half of the endowments changed spending policies at least once, and a quarter did so every year.
- Study: Affirmative action in India widens achievement gap
- Study: U.S. higher education receives more from federal than state governments
- Study: Loan and scholarship recipients give less to alma mater
- Study: Text messages about renewing aid boost 2-year college persistence
- Study: Students' previous misbehavior doesn't predict campus violence
Search for Jobs
Popular Job Categories