special projects and scholarships?
Harvard and Yale would never use their funds to benefits students. They could give every student free tuition if they wanted but won’t.
Harvard and Yale Endowments are exempted from the 5% rule so why not let them pay their debts with the money? If these “endowments” don’t have to abide by the same rules as other endowments and are invested in for-profit ventures, then what is the point in not letting them pay debt with it?
>>Harvard and Yale would never use their funds to benefits students. They could give every student free tuition if they wanted but won’t.<<
I refer you to my FRiend muawiyah, who says otherwise.