Senate scrutinizes university spending
WASHINGTON — Members of Congress on Monday ratcheted up pressure on American universities to make college more affordable, suggesting in the strongest terms yet that wealthy schools like Yale may be mandated by the federal government to spend a larger fraction of their endowments each year.
At a meeting with leaders across American higher education, Senator Chuck Grassley of Iowa put it simply: If schools do not take action, Congress will do it for them.
“It looks like they take the approach that they’re a storehouse for money, and they obviously should not be,” Grassley...
God bless you, Senator Grassley!! You go boy!