Grassley on Washing the Dishes
“Tuition has gone up, college presidents’ salaries have gone up, and endowments continue to go up and up,� Senator Chuck Grassley of Iowa, the ranking Republican on the Finance Committee, wrote in a letter to the [best-endowed] colleges. “We need to start seeing tuition relief for families go up just as fast. It’s fair to ask whether a college kid should have to wash dishes in the dining hall to pay his tuition when his college has a billion dollars in the bank.�
Boston Globe
[The U of M currently has an endowment of 2.8 billion dollars.]