And oh yeah — the federal government decided to tax
wealthy college endowments.
Not exact matches
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.
For that reason, the financial «elites» —
wealthy individuals, pension funds,
college endowments and the like — have great trouble meekly signing up for a financial product or service that is available as well to people investing only a few thousand dollars.»