Last Thursday, the Senate Finance Committee heard testimony from a panel of experts who recommended forcing universities to spend at least 5 percent of their endowments, with the intention of making college more affordable.
At first glance, it seems like a fantastic idea.
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It costs almost $50,000 a year to attend Penn, but tuition revenue doesn't come close to supplying the amount of money it takes to run this university. Penn relies on endowment profit to pay for financial aid, new facilities, academic programming and much of the rest of the operating budget.
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Amira Fawcett is an Engineering junior from Houston. Her e-mail address is fawcett@dailypennsylvanian.com.
2008 Woodie Awards

