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Message: [QUOTE="Hoo's That, post: 3118586, member: 3609"] There is a fixed percentage of their endowment that all non-profits, not just colleges, must spend each year or it is taxed. Harvard has a huge endowment and they spend it on financial aid to the students. If your family makes less than $60K each year, you go to Harvard for free (provided you can get in). Few people pay the full freight at the Ivies. [/QUOTE]

Verification: What is a Syracuse fan's favorite color?

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