> The types of elite universities currently subject to the endowment tax — private colleges with at least $500,000 per student — are under particular scrutiny.

> The types of elite universities currently subject to the endowment tax — private colleges with at least $500,000 per student — are under particular scrutiny. Universities say the endowments help fund scholarships, and higher taxes will come at the expense of the neediest students. If you want your trust/savings to be sustained indefinitely, the rule of thumb is to pay no more than 4% a year. So $500k per student only realistically means $20k per student per year.