Rich colleges are even richer than you think

Bloomberg reports:

The rich are getting richer in U.S. higher education, a new report shows.

The assets of the 40 wealthiest institutions, led by Harvard University, have increased 50 percent over the past five years, according to research being released Thursday by Moody’s Investors Service, the New York bond-rating company.

That’s more than twice as fast as colleges with the lowest credit ratings, many of which have been struggling to fill their seats as the number of high-school graduates declines.

“This growing gap will pose increasing competitive challenges for less-endowed institutions that do not have the resources to invest in facilities, financial aid and strategic initiatives,” Moody’s said in the report.

The Inequality of those who preach more equality.