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
2015-06-24
48
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."
According to Paragraph 4, Chris Bittman believes that
选项
A、endowment funds should be invested in business to make money.
B、the endowment spending policies of American colleges should be reformed.
C、school’s policy of spending relies on its profits of endowment investment.
D、the gap between rich schools and poor ones still remains.
答案
C
解析
事实细节题,考查例证细节。根据Chris Bittman定位到第四段。根据Bittman的说法“近期的高收益不可能永远持续”,再根据endowment should plan on earning…这些字眼可知,他认为支出的比率是依赖于捐赠基金的投资收益情况,可知C项符合题意。A项谈论捐赠基金的投资问题,与本文主题无关;而B项是James Boyle而非Chris Bittman的观点;D文中并未提及。
转载请注明原文地址:https://kaotiyun.com/show/bu74777K
0
考研英语一
相关试题推荐
Pictureyourselfasahistorianin2035,tryingtomakesenseofthisyear’sAmericanelectioncampaign.Manyofthewebsitesan
Helpingterminallyillpeopletocommitsuicideshouldbemadelegalunderstrictnewsafeguards,amajorindependentreportis
Comparedwithothermodesoftransport,traintechnologymightseemtobeprogressingasslowlyasasuburbancommuterservicer
AccordingtotherecentsurveymadebytheGalluporganization,Chinesepeoplehashigherindextosenseofhappinessthanthep
Thedifferencesinlivingstandardsaroundtheworldarevast.In1993,theaverageAmericanhadanincomeofabout$25,000.In
Themajorityofstudentsinyouruniversityreadonlytextbooksorbookshelpfulinachievingshort-termpurposessuchaspassi
YouwillgiveaspeechattheopeningceremonyoftheCulturalExchangeFestivaljointlyheldbyanAmericanuniversityandyour
Theclassicdifficultyfeltwithdemocracyarisesfromthefactthatdemocracycanneverexpressthewillofthewholepeoplebe
Wow!Womennowmakeup57percentofuniversityentrants,andtheyoutnumbermenineverysubject—includingmathsandenginee
随机试题
下列各降糖药中可以减轻或延缓糖尿病患者血管并发症的是
A.全身骨显像B.特殊体位平面骨显像C.骨三相显像D.局部断层骨显像+CT断层融合E.局部67Ga炎症显像具有肿瘤病史,有全身骨痛时首选的检查是
支原体肺炎治疗用金黄色葡萄球菌肺炎治疗用
下列初步诊断中,不可能的是为了确立诊断可选择的检查中,不包括
下列有关法律解释的说法中,哪些选项是正确的?()
对于房地产营销组织设计结构说法正确的是()。
输送同样风量且风管内风速相同的情况下,以下不同横截面形式风管的风阻力由小至大的排列顺序是:(2005,76)
计算机网络从网络覆盖范围上,可以分为局域网、广域网与
关于Python字符编码,以下选项中描述错误的是
HalloweenA)OnOctober31st,dozensofchildrendressedincostumesknockontheirneighbors’doorsandyell"TrickorTreat
最新回复
(
0
)