Harvard Got $5.6M in Federal Student Loans and Grants--Despite Its $31.7B Tax-Exempt EndowmentBy Terence P. Jeffrey
May. 01, 2012
France: Government Ordered Nice Police to Lie About Attack
WATCH: Julian Assange Mocks 'NSA D*ck Pic Guy' Who Claimed Russia Behind #DNCLeaks
EU Chief On Terror: Turn Europe Into Surveillance State Rather Than Close Borders
DNC Builds Giant Fence Wall Around Philly Convention Center
WATCH: Wasserman Booed Off Stage in Philly, Escorted Out by Security
In fiscal year 2011, Harvard University's tax-exempt endowment jumped in value by about $4.17 billion, rising from $27,557,404,000 to $31,728,080,000--but that did not stop Harvard from collecting tuition and fees derived from federal grants and student loans that U.S. taxpayers provided to Harvard undergraduates.
Other universities with major endowments--including Yale and Princeton (from which the author of this article graduated)--also saw massive increases in their endowments and they also benefited from their students paying tuition and fees with federal grants and loans.