Report: Wealthiest Colleges Get More Wealthy

A report being issued today by Moody’s finds that the wealthiest American colleges and universities are getting wealthier at a faster rate than other institutions, The Wall Street Journal reported. This is largely a continuation of a longtime trend. The wealthiest institutions are elite universities that attract large donations and use sophisticated investment strategies that rarely are available to institutions with small endowments. The new Moody's report says the wealthiest 10 universities in fiscal 2014 held almost one-third of cash and investments at four-year colleges and universities, while the top 40 had two-thirds.