Among 800 schools included in the study, the average endowment shrank by almost 2 percent, the worst performance since the economic recession in 2009. The annual study is done by the National Association of College and University Business Officers and the Commonfund Institute, a Connecticut investment firm.
In contrast to college endowments, the Standard & Poor's 500 index, a broad measurement of the stock market, ended 2016 with a gain of 9.5 percent.
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3 comments:
Hello - college is no where affordable for the working class!! The stock market continues its high marks because a SMALL percentage of high stakes rollers are playing.
Mom/pop/sonny/daughter are working hard with minimal discretionary funding - let alone cash for college. AND mom/dad probably make too much $$$ to obtain FAFSA or other grant funding. Instead, get that loan from the bank at 7 or 8%, which requires mom/dad to co-sign and then ouch down the road!
Last 8 years of fantasy saying things were good is already starting to rear its ugly head!
YUCK!
I still can't wrap my head around why I should or would give money to SU. It's a business. I paid my fees, got my product, and that was the end of the transaction. Yet, they keep asking. After 35 years of no response to their letters, you'd think they'd take the hint.
Proves the Alumni is dissatisfied with the product / cost / value ratio is not worth the time involved with no return.
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