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Endowments post strong returns in fiscal 2021, early data show


The boom in U.S. stock prices drove the high returns.
“Whenever the stock market does well, endowments just like other institutional investors tend to do very well. So last fiscal year the year that ended June 30 the stock market as measured by the S&P 500 did about 40.8 percent, which is astounding,” said Ken Redd, director of research and policy analysis at the National Association of College and University Business Officers. “So whenever you get a major stock index like that rising, we tend to get very high endowment returns.”
Other assets, including venture capital, private equity funds and hedge funds, also saw increased performance last fiscal year. Large endowments of $500 million or more are more likely to be invested in venture capital and private equity, whereas small endowments worth $50 million or less invest primarily in U.S. equities, according to the most recent endowment study by NACUBO. ....

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Student Loan Debt Tops Families' College Concerns As High Tuition Costs Continue

Congressman Smith Introduces Bipartisan Legislation to Help Working StudentsOzark Radio News


WASHINGTON, DC – U.S. Congressman Jason Smith and Congressman Danny K. Davis (D-IL) have introduced two bipartisan bills that will empower working students to pursue higher education while still participating in the workforce and earning money. These two pieces of legislation will reduce the reliance on student loans and reward those who work while learning by allowing employers to offer tax-free education assistance.
The first bill, the
Upward Mobility Enhancement Act, was introduced by Rep. Jason Smith and will permanently increase the employer provided education assistance from $5,250 to $12,000, index the amount to inflation, and expand the eligible education-related tools and technology covered by the tax exclusion. ....

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