Sentences with phrase «private college endowments»

The bill does, however, tax some large private college endowments.

Not exact matches

«An excise tax on the endowments of some private colleges and universities, regardless of how many or how few institutions it affects, is a remarkably bad idea that takes money that would otherwise be used for student aid, research, and faculty salaries and sends it to the Department of the Treasury to finance corporate tax cuts,» said Ted Mitchell, president of the American Council on Education, a higher education trade group.

But unlike other private liberal arts colleges with large endowments, C of O, as it's often called, has accumulated its endowment all while offering four - year degrees to students tuition free.

This affects roughly 30 private colleges with extremely large endowments, 22 of which are located in states that traditionally tend to go blue in Presidential elections, such as New York, New Jersey, Massachusetts, and California.

It is crucial to keep in mind, however, that the proposed tax is not aiming at all college and university endowments — just the biggest ones at private institutions: the proposed 1.4 percent tax on investment earnings by endowments at private colleges that enroll at least 500 students and have assets of $ 250,000 per full - time student.

But they receive comparatively little attention relative to public colleges and the for - profit sector, perhaps because the conventional wisdom casts private colleges based on the profile of the most elite institutions in the sector, which have large endowments and charge high tuition to mostly wealthy students.

At a time when the cost of a college education is skyrocketing, a slew of private non-profit colleges are raking in the cash thanks to huge endowments and smart investments.

This is important right now, as public and private colleges and universities across the country reckon with shrinking endowments and tightening budgets.

In 2010, he chaired for Washington Governor Christine Gregoire her Higher Education Funding Task Force, and in 2011 he helped advocate for the successful adoption by the legislature of the task force's recommendations, including tuition - setting authority and increased accountability for the state's public universities and for the nation's first private - public funded endowment to enable more students to attend college.