How Gross Inequalities in Institutional Wealth Distort the Higher Education Ecosystem and Shortchange the Vast Majority of Middle- and Lower-Income Undergraduates
Confessions of a Community College Dean
MARCH 20, 2023
As Kimball and Iler show, the wealthiest 1 percent of the nation’s 3,285 four-year colleges and universities holds 54 percent of campus endowments. To put it bluntly: the wealthiest colleges and universities began to engage in a positional and spending arms race, with a goal of maximizing their reputation and prestige.
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