“In my opinion, it’s not enough,” said Allie Holler, a University of Pittsburgh graduate student with around $80,000 in loans. “I hate to be one of the people saying that, because it looks like a lot of people are happy about this plan. But I just feel like more could have been done, and $10K was the bare minimum.”
University of Pittsburgh has an endowment of $5.68 billion. The endowment increased $1.5 billion the past two years.
At 5% per year, the endowment spins of $285,000,000.
Why aren’t schools forced to use at least 5% of their tax free endowments to pay tuition costs??
Cause the schools are hedge funds as others have said.