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As college tuition rises, so do endowments

Broadcast: Midmorning, 03/20/2008, 9:06 a.m.

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While college tuition continues to rise, a record 76 colleges and universities have achieved endowments of $1 billion or more. Now some members of Congress are putting more scrutiny on those endowments, and asking whether schools should use their endowment money to moderate tuition increases.

Guests

  • Richard Pfutzenreuter: vice president and chief financial officer at the University of Minnesota.
  • Steven Roy Goodman: education consultant and admissions strategist. He is the author of "College Admissions Together: It Takes a Family."
  • David Ward: president of the American Council on Education and former chancellor of the University of Wisconsin-Madison.

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