In recent years, intercollegiate college athletics has become an expensive activity for many American colleges and universities. Even at 68 Power Five Conference schools whose teams generate significant football and basketball income, very few typically even claim to make a profit, and that is using accounting procedures that, if followed by Fortune 500 companies, would […]
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Many people think the colleges and universities are overreacting to the sharp drop in their endowments. Lynne Munson, former deputy chairman of the National Endowment for the Humanities, is one of these critics. In a letter (subscription only) to the Chronicle of Higher Education, she argues that higher ed endowments haven’t lost much value if […]
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