The stunning truth about Ivy League scholarships…
The 25 colleges and universities with the largest endowments in the nation hold a quarter-trillion in existing assets. So, why do these schools reap billions from the Department of Education each year?
Collectively, the eight schools of the Ivy League have a $119 billion endowment fund.
Let’s put this into perspective: With this amount, the Ivy League could provide full-ride scholarships to its entire undergraduate student body for the next 51 years without any new gifts.
With continued gifts at the present rate, this could go on forever.
The Ivy League schools can’t argue they need taxpayer assistance… And yet, the Ivies reaped $26 billion in federal funding over a six-year period.
We published a full editorial at the Washington Times, co-authored with economist Stephen Moore, on this fiscal phenomenon. Read the editorial here.
Remember, this is just one example of the wasteful spending we uncovered in our investigation into the U.S. Department of Education.
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