ERIC Number: EJ623437
Record Type: Journal
Publication Date: 2001
Reference Count: N/A
How Billion-Dollar Endowments May Change 2 Institutions: Swarthmore Hopes To Preserve Its Elite Status; Penn State Wants To Finance Its Ambitions.
Pulley, John L.
Chronicle of Higher Education, 47 n24 pA34-36 Feb 2001
Contrasts the reactions of Swarthmore College and Pennsylvania State University as the endowments at both institutions topped the billion dollar mark in 2000. Swarthmore uses its endowment to assure that financial need is never considered in admissions decisions, but does not touch the principal. At Pennsylvania State, tuition is more affordable, but some of the endowment must be spent each year to meet the needs of this public university. (SLD)
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A