FIGHTING INEQUALITY by making Harvard free! “The idea of free tuition paid for by endowment income has also gained traction in Congress. College endowments held $516 billion in 2014, with 74 percent of the money held by 11 percent of institutions, according to a Congressional Research Service report in December. The average return in 2014 was 15.5 percent, the report said, but the colleges spent only 4.4 percent. By law, those are tax-exempt earnings. Lawmakers have proposed requiring that about 90 colleges with endowments of $1 billion or more spend about 25 percent of their annual earnings for tuition assistance — or forfeit their tax exemptions.”

Gosh, what an interesting idea.