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
2015-10-20
65
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/yVzZ777K
0
考研英语一
相关试题推荐
Inthefollowingtext,somesentenceshavebeenremoved.ForQuestions41-45,choosethemostsuitableonefromthelist(A、B、C、
Thequestionofwhereinsightscomefromhasbecomeahottopicinneuroscience,despitethefactthattheyarenoteasytoindu
Exposuretoasbestosfiberscancausecancer_____Exposuretoasbestosfibersisharmfultopeople’shealth,______
ReduceWaste-FoodExpertsinthefoodindustryarethinkingalotabouttrashthesedays.Restaurants,colleges,hospitalsa
Sportpsychologyresearchhasdocumentedtheimportantroteofsignificantadultssuchasparentsandcoachesinyouthparticipa
In1929JohnD.Rockefellerdecideditwastimetosellshareswhenevenashoeshineboyofferedhimasharetip.Duringthepas
Themainreasonforthelatestriseofoilpriceis______.Wecandrawaconclusionfromthetextthat______.
GenerationYgetscalledalotofnames.PersonalfinanceadviserscallgenY-ersspendthrifts.Marketersconsiderthembrand-lo
[A]Notgivingbonustoemployeeswhodeserveit[B]Notgivingpositiveinformation[C]Notlinkingindividualjobstothebigpic
Everyday,employeesmakedecisionsaboutwhethertoactlikegiversorliketakers.Whentheyactlikegivers,theycontribute
随机试题
Thereisameasurablerelationbetweenhowmuchapersonlearnsandhisattitudetowardthesubjecttobelearned.Whenfacedwi
关于关节哪项不正确
强心苷类药物轻度中毒时可选用
患者,男性,40岁,患有痛风3年,近日工作繁忙,应酬多。今日清晨突然右脚第1跖趾关节剧痛,局部出现红、肿、热、活动困难。患者意识到是痛风急性发作。为缓解局部症状,采取的正确护理方式是()。
下列关于仲裁程序与民事诉讼程序的说法,错误的是:()
《测绘成果管理条例》规定了测绘成果目录或者副本实行()的制度。
对高度在24m以上的双排脚手架,与建筑可靠连接的形式是采用()。
ua是标准正态分布N(0,1)的α分位数,则有()。[2007年真题]
婆a=2,b=3,c=4,d=5,表达式Nota
Itisquitecommonforacompanytorecruitnewemployees.Whenacompanyseekstofillavacantjob,itmayadvertisethe【C1】__
最新回复
(
0
)