Annie Waldman and Sisi Wei – Colleges Flush With Cash Saddle Poorest Students With Debt

New York University is among the country’s wealthiest schools. Backed by its $3.5 billion endowment as well as its considerable fundraising prowess, the school has built campuses in Abu Dhabi and Shanghai, invested billions in SoHo real estate, and given its star faculty loans to buy summer homes. But the university does less than many other schools when it comes …