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
95
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 the first two paragraphs, the "free rides" to famous schools will probably
选项
A、affect a good many students with excellent academic records.
B、promote the reform of endowment spending of schools greatly.
C、result in the tuition raise for some other students.
D、give pressure to school administrators on money policy.
答案
D
解析
事实细节题。答案在第一、二段。第二段最后一句讲到大学应该用存下来的钱做更多的事,这与D项内容相符。
转载请注明原文地址:https://kaotiyun.com/show/nle4777K
0
考研英语二
相关试题推荐
ThemajordifferencebetweennarrativesalesandsuggestivesalesisthatMindycomparessalespeopletowinestewardsinthat_
EveryspringmigratingsalmonreturntoBritishColumbia’sriverstospawn.Andeveryspringnewreportsdetailfreshdisasters
1.Whenpeopleindevelopingcountriesworryaboutmigration,theyareusuallyconcernedattheprospectoftheirbestandbright
Successfulbusinessestendtocontinueimplementingtheideasthatmadethemsuccessful.Butinarapidlychangingworld,ideas
Whateverhappenedtothedeathofnewspapers?Ayearagotheendseemednear.Therecessionthreatenedtoremovetheadvertising
Whateverhappenedtothedeathofnewspapers?Ayearagotheendseemednear.Therecessionthreatenedtoremovetheadvertising
OlympicGamesareheldeveryfouryearsatadifferentsite,inwhichathletes【1】differentnationscompeteagainsteachotherin
OlympicGamesareheldeveryfouryearsatadifferentsite,inwhichathletes【1】differentnationscompeteagainsteachotherin
WhenrecruitingatBritishuniversities,PricewaterhouseCoopers,oneoftheBigFourauditingfirmswithitsheadquartersinthe
AnonymityisnotsomethingwhichwasinventedwiththeInternet.Anonymityandpseudonymityhasoccurredthroughouthistory.For
随机试题
明确提出使用“社会主义市场经济体制”这个提法的领导人是()
女性,45岁,3小时前车祸头部受伤,伤后立即昏迷,做CT后入院,入院检查中度昏迷,右瞳孔散大,光反射消失,左上下肢肌张力增高,病理征(+),左顶枕有直径4.0cm头皮下血肿,CT示右额颞部高密度新月影像。出血来源为()
预防颞下颌关节紊乱病的措施中,错误的是()
已知下列各物质在水溶液中的Ka:①KHCN=6.2×10—10;②KHS=7.1×10—15;KHS=1.3×10—7;③KHF=3.5×10—4;④KHAc=1.8×10—5,碱性最强的溶液是()。
工程量清单中的工程量计算规则,按专业划分为()。
某单位(增值税一般纳税人)主要生产A产品,提供2011年3月的会计资料如下:(1)采取分期收款方式销售A产品5000件,每件不含税价格为300元,按合同规定本月应收总价款的50%。但由于对方企业资金紧张,企业尚未收到货款。(2)销售A产品1000件给小
下列关于保险代位求偿权的表述中,符合《保险法》规定的有()。
1930年,印度非力不合作运动的突破口是()。
在商品经济运行中,价值、价格和供求三者之间的关系有()
Thewagontrainshadto______thehillyareainordertoreachCalifornia.
最新回复
(
0
)