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NACUBO to Testify at Congressional Hearing on Rising Costs of Higher Education

October 5, 2015

This week, the House Ways and Means Oversight Subcommittee will hold a hearing on the rising costs of higher education and tax policy. Announced last week, the hearing will take place on Wednesday, October 7, at 10 a.m., ET in Room 1100 of the Longworth House Office Building.  Video streaming will be available via the committee's website and YouTube channel.

MaryFrances McCourt, senior vice president and chief financial officer of Indiana University, will testify on behalf of NACUBO. Terry Hartle, senior vice president for government relations and public affairs at the American Council on Education (ACE), will testify on its behalf, along with three additional witnesses.

McCourt plans to discuss trends in state funding and the resulting impact on tuition and fees and the overall operating budget. She will describe university investments in student success and affordability, and how business officers are driven to find operational efficiencies, particularly over the past several fiscal years.

Importantly, in her testimony, she will describe how part of strategic financial planning includes oversight and prudent management of endowed funds. Given emerging criticism of college and university endowments, NACUBO has made it a priority this fall to discuss with policymakers how charitable giving and endowments are part of a very successful formula the government has in place to leverage private investment in the American college and university sector, where our institutions use those resources to ensure they continue to be viewed as the finest educational institutions in the world. 

Any individual or organization may submit a written statement for the committee's consideration and for inclusion in the printed record of the hearing. Instructions can be found here.

Contact

Liz Clark
Director, Federal Affairs
202.861.2553
E-mail