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At Elite Prep Schools, College-Size Endowments

Despite Exeter’s expanding commitments, which include a new promise to pay the full cost for any student whose family income is less than $75,000, the school’s endowment keeps growing.
 
“Having a big endowment permits all the wonderful touches: computers in the classroom, trips, enriched curriculum,” said Susan Fuhrman, president of the Teachers College of Columbia University. Students at many private schools “get a much richer array of opportunities than most public schools can afford.”
 
This article appeared in the January 26, 2008 edition of the New York Tines.
 
http://www.nytimes.com/2008/01/26/business/26prep.html?em&ex=1201496400&en=9533d9fc8d715304&ei=5087
 
 
 
 
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