University endowments have grown considerably over the past decade owing to a relatively strong stock market and aggressive investing techniques. With the cost of college skyrocketing, endowments have now come under increased scrutiny from the public and from Congress. Some think that investment gains from university endowments should be used...

University endowments have grown considerably over the past decade owing to a relatively strong stock market and aggressive investing techniques. With the cost of college skyrocketing, endowments have now come under increased scrutiny from the public and from Congress. Some think that investment gains from university endowments should be used...

Students and families can finance higher education in three ways: grants, government-backed loans, or private loans. Contemporary research and debate typically focus on grants and federally supported loans. Meanwhile, despite its explosive growth, the private loan market remains minimally researched and poorly understood. This made sense a decade ago, when...