Recently, Governor Granholm has asked universities in the state with massive endowments to cut students some slack and dip into that before seemingly automatically simply raising college costs for students. A Congressional Research Service study found U-M spent 1.3 percent of its endowment on undergraduate financial aid in the 2004-2005 academic year, which is considered very low.
Michigan State University sits on a 1.2 billion dollar endowment while U-M sits on, are you ready, a 7.1 billion endowment fund.
At U-M, tuition went up 7.4 percent in the fall.
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With that kind of scratch in the coffers perhaps they should also lay off monies from our cash-strapped state for a couple years.
That DOES sound logical Trixie. I'm sure U-M is kinda looking the other way whistling when their 7.1 billion endowment is ever brought up for discussion. I also detest earmarked contributions some people make to some schools. There was a rather dicey issue a few years ago at Oklahoma State were a well do do benefactor wanted to donate huge monies but ONLY If it ALL went to the football program, despite the Universities pressing needs elsewhere, like ACADEMICS.
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