Has the cost of higher education in the U.S. put college out of financial reach?
As students head back to campus, the ever higher cost of a college education is once again top of mind. The presidents of Colorado College, Penn State and Xavier University weigh in on what's to be done.
Harvard, located along the Charles River in Cambridge, boasts the largest endowment at $37.6 billion.
Colleges and universities boast US$547 billion in endowment assets, yet only a handful of elite schools would be taxed under the proposal.
The statue of John Harvard, the first benefactor of Harvard University.
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?