Colleges Fight Calls to Dip Further Into Endowments
Congress wants universities to spend more of their endowments to reduce tuition costs. Colleges say their costs vary a great deal from year to year, and they can't hand out money on a regular basis the way other nonprofit organizations do. But many analysts say universities are caught up in a spending binge and feel no incentive to reduce costs.
NPR's Larry Abramson visits Johns Hopkins University.
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