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College and University Discussion
Reply to "what is the point of college endowments?"
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[quote=Anonymous]A lot of these schools are using the interest off the endowments to fund programs, even if they don't spend the balance itself. So if they start dipping into the balance to pay for things in the near term, in the long term that impacts their budget because the interest payments are less. Or at least that's according to an OpEd I read in the Washington Post a few months ago.[/quote]
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