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ERIC Number: EJ805407
Record Type: Journal
Publication Date: 2008-Jul-4
Pages: 1
Abstractor: ERIC
Reference Count: N/A
ISSN: ISSN-0009-5982
Why Colleges Can't Shake the Feds
Fain, Paul
Chronicle of Higher Education, v54 n13 pA3 Jul 2008
This article reports that Congress is cranky about how colleges spend money. Over the last three years, regulation-minded lawmakers have investigated university endowments, intercollegiate athletics, and presidential pay, but that grilling has largely ceased. A presidential election has dulled legislative ambitions, and Congress has its hands full trying to renew the Higher Education Act. Senator Max S. Baucus, a Montana Democrat who is the Finance Committee's chairman, has publicly supported Senator Charles E. Grassley's efforts, and other Democrats have gotten into the action as well. Rep. Peter Welch, a Vermont Democrat, introduced a successful amendment to the Higher Education Act that would require colleges to report on how much of their endowments are spent each year on student aid.
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Laws, Policies, & Programs: Higher Education Act 1965