首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
Harvard thrilled middle-class parents last week by capping its tuition for families with incomes of up to $180,000 at 10 percent
Harvard thrilled middle-class parents last week by capping its tuition for families with incomes of up to $180,000 at 10 percent
admin
2019-09-30
66
问题
Harvard thrilled middle-class parents last week by capping its tuition for families with incomes of up to $180,000 at 10 percent of their earnings. The move sparked hopes of a donation race that could ease the soaring costs of college. Earlier this month, Duke joined a group of schools including Harvard, Princeton, and Stanford that promise free rides to low-income students.
But many point out that these gestures will affect only a few hundred lucky students. The outlays are so comparatively small that they are unlikely to divert pressure for reforms in the ways colleges spend their money—especially the estimated $380 billion of endowment funds stored in tax-free accounts. "It’s an important gesture," College Parents of America President James Boyle says of Harvard. But colleges should do more now with the money they’ve socked away for a rainy day, he says.
The numbers are smaller, but the story is similar at other colleges. The average endowment has been reaping 10 percent a year on investments since 2004. But colleges spent an average of just 4.6 percent of their endowments last year while raising tuition faster than the rate of inflation. That troubles folks like Sen. Chuck Grassley, who’s pushing Congress to require wealthy colleges to spend at least 5 percent of their endowments every year. "Tax-exempt organizations are supposed to provide public benefit in exchange for their special status," he said. "Helping the next generation afford college is a public benefit. "
Many college officials, of course, are battling such rule changes. While Harvard, Yale, and Princeton all have more than $1 million worth of endowment per student, half of all colleges have no more than $2,000 per student saved up. Even high-earning schools say they already are spending as much as they should. Chris Bittman, chief investment officer of the University of Colorado Foundation, racked up almost 23 percent in returns last fiscal year, bringing the school’s endowment to nearly $800 million. He supports the school’s policy of spending 4.5 percent. Recent big profits can’t last forever, he says. Instead, endowments should plan on earning the long-term average of 10 percent.
Still, pressure appears to be forcing some changes. In June, Stanford announced it would increase its endowment spending to 5.5 percent, or $160 million a year. If every school followed suit, that would free up about $4 billion a year(or $200 per student)to increase aid or keep tuition prices down. Or as Richard Vedder, an Ohio University economist, says, "
a small step for mankind
."
Sen. Chuck Grassley suggests that the schools should
选项
A、increase their endowments to suit their particular status.
B、abide by the law on endowment spending.
C、use their tax-free funds to bring social benefits.
D、create learning opportunities outside school for young people.
答案
C
解析
推理判断题。根据Sen.Chuck Grassley定位到第三段。他说:“免税组织既然拥有特殊的地位,就应该提供公共福利作为交换”,C项与此相符。
转载请注明原文地址:https://kaotiyun.com/show/6le4777K
0
考研英语二
相关试题推荐
ThewriterwarnsAmericansthat______.By"commonresources"(Paragraph2),theauthormeansthat______.
Nowadays,wehavetechnologythat’simprovedsothatwecanbringpeoplebacktolife.Infact,therearedrugsbeingdeveloped
Theauthorthinksthatpullfactors______.People’sdecisionstomigratemightbeinfluencedbyallthefollowingEXCEPT____
Accordingtothepassage,thefactthatyoungpeopleseemtobelosinginterestinscience______.Thesecondparagraphismain
Anunremarkedconsequenceofournewinformationage—onethatwillinfluencereaders,writers,andpublishersinthefuture—ist
Whateverhappenedtothedeathofnewspaper?Ayearagotheendseemednear.Therecessionthreatenedtoremovetheadvertising
Thegreatrecessionmaybeover,butthiseraofhighjoblessnessisprobablybeginning.Beforeitends,itwilllikelychanget
OlympicGamesareheldeveryfouryearsatadifferentsite,inwhichathletes【1】differentnationscompeteagainsteachotherin
Thistimelastyearthreeoutoffour16to24-year-oldswerewearingthewhitebandofMakePovertyHistory.Whateverthecampa
Thistimelastyearthreeoutoffour16to24-year-oldswerewearingthewhitebandofMakePovertyHistory.Whateverthecampa
随机试题
A.金黄色B.红色C.乳白色D.乳黄色E.绿色绿脓杆菌性关节炎时积液的颜色是
A.赔偿损失B.赔礼道歉C.刑罚D.行政处罚E.行政处分卫生法所涉及的民事责任的主要承担方式是
“釉面横纹”是指
汗出恶风,身重,小便不利,舌淡苔白,脉浮,属下列的何方主治
水利工程质量监督机构按()三级设置。
大气层中的臭氧层能保护地球上的生物,这主要是因为臭氧层可以()。
制定工资报酬时应该考虑的第一因素是()。
根据《宪法》规定,下列不属于国家机构的是()。
DearMr.Williams:Youradvertisementinthismorning’spaperformanagerofpublicrelationsappealstome.Ifoundthewor
毛笔是文房四宝(FourTreasures)里最古老的。这可以从周代的远古骨头上的画得到验证。目前最古老的毛笔可以追溯到汉代。毛笔一般是用动物的毛制成。笔杆一般是竹子制的,但是一些特殊笔的笔杆可能是玉、骨或象牙雕的,或是其他一些贵重材料。古代的笔和市场上
最新回复
(
0
)