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News Story from The Cornell Daily Sun

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Senate Questions Financial Policies of Top Universities

January 31, 2008 - 1:00am
By Jennifer Kahn

As Cornell reached the halfway mark of its $4 billion Capital Campaign to strengthen the University’s endowment last week, the Senate Finance Committee questioned the large endowments of institutions of higher education. Last Thursday, the committee sent a letter to the 136 U.S. universities with endowments larger than $500 million, requesting detailed information on endowment growth and student financial aid.