Universities play a vital role in promoting economic growth, something the writers of the Republican tax plan have apparently forgotten.
Republican lawmakers say the proposed changes to the tax code would 'streamline' higher ed benefits. But this overhaul would squeeze many, if not most, students and schools.
Colleges and universities boast US$547 billion in endowment assets, yet only a handful of elite schools would be taxed under the proposal.
Offering money as a form of atonement is easier for the movie mogul than finding someone who will accept it.
Universities have the power to transform society not just through how they operate their campuses, but also through how they invest their endowments and pensions funds.
A bill before Congress is proposing colleges and universities with endowments of at least $1 billion spend 25 percent of the money on financial aid. What is the proposal missing?