<p>"The Senate Finance Committee, increasingly concerned about the rising cost of higher education, demanded detailed information on Thursday from the nations 136 wealthiest colleges and universities on how they raised tuition over the last decade, gave out financial aid and managed and spent their endowments."</p>
<p>They should tell him it's none of his business. They are for the most part private entities and even the publics don't have to answer every question.</p>
<p>Depends. They all still get plenty of federal dollars. The second the government gives you a buck, you get scrutinized (for better or for worse.)</p>
<p>Gosh, He's NOT even up for reelection. A safe issue for him to endear himself with the electorate.</p>
<p>My probably soon to be unemployed banker, Pton, brother, will be glad to discover that he will no longer need to feel guilty for not contributing.</p>
<p>In one article about this topic, I read that Harvard's endowment had a 23% return on investments last year, compared with a 13.6% return for the Standard & Poor's 500.</p>
<p>Why doesn't the Senate put Harvard in charge of Social Security and the federal budget instead? It seems they're pretty good with money.</p>
<p>Can I ask a question? Why does anyone donate their hard-earned money to Harvard? Harvard already has more money than it knows what to do with. Unless you are endowing a chair or putting your name on a building (in other words, looking for an ego boost from seeing your name on something), aren't there about a gazillion other "charities" more needing of my money than Harvard? Why not just give money to Bill Gates, instead?</p>