In the wake of mounting pressure from Congress to explain how the nation's wealthiest universities' tuition rates keep outpacing inflation, while their endowments continue to soar, Yale University announced on Monday that it would increase the amount of money it spends from its endowment by 40%. They did not, however, outline how where the increase in spending would go.
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http://www.nytimes.com/2008/01/08/education/08yale.html?ref=education
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