> They were forced to do that a few years ago so the government wouldn't start taxing their endowment.
Harvard College was not forced by federal policy to dramatically increase their financial aid back when they did. The 2017 tax bill did include a new tax on university endowments tailored to only apply to the wealthiest universities, including Harvard (it has the largest endowment but I'm not sure it's the largest per student).
Harvard College was not forced by federal policy to dramatically increase their financial aid back when they did. The 2017 tax bill did include a new tax on university endowments tailored to only apply to the wealthiest universities, including Harvard (it has the largest endowment but I'm not sure it's the largest per student).