Submission + - The Dangerous Wealth of the Ivy League 1
theodp writes: "BusinessWeek reports that higher education is increasingly a tale of two worlds, with elite schools getting richer and buying up all the talent. Thanks to endowments like the one that netted Harvard $5.7B in investment gains just last year, the Ivy Plus colleges — which account for less than 1% of students — have been able to lift their spending into the stratosphere, including extravagances like $272,000-a-bed-dorms and even a $4M student-horse-housing rehab. 'People used to look at every penny,' says a Yale Dean. 'The mind-set is different now.' Meanwhile, reports BW, public colleges and universities struggle to educate 75% of the country's students in an era when most states are devoting a dwindling share of their budgets to higher ed."