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However, some endowment plans didn't do well in the early 1990s, leaving those people with too little to pay off their loans in full now.
He says some endowment managers prefer to "focus on producing the best returns they can," and "don't want to be distracted" by other issues.
And while more than three quarters of the college's operating budget comes from student fees, some endowment revenue will have to be replaced.
Some endowment growth has amassed from the aggressive use of off-shore tax-avoidance strategies.
Other foundations, such as the Meyer Memorial Trust, have placed some endowment funds in banks that serve communities where the foundations focus their grants, said Doug Stamm, chief executive of the $730-million foundation in Portland, Ore.
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The same day, the Taxpayers for Accountability in Government, a coalition of 15 conservative groups whose leaders say they are offended by some endowment-sponsored art, are scheduled to hold a news conference.
Some endowments are believed to have failed to arrange credit lines to manage the risk of an extreme financial crunch.
Some endowments even added leverage directly by borrowing and thus holding "negative cash" directly within the endowment.
Although they might have some endowments set up by patrons, the bulk of the funds required for this undertaking would come from classmates.
The Graduate Services Fellowships Office administers some Restricted Endowment Fellowships.
As presidents' pay has risen unabated, lawmakers have begun criticizing the size of some universities' endowments, which are currently untaxed.
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