RESPONSIBLE ENDOWMENTS COALITION www.endowmentethics.org

"Marcie Smith, Executive Director of the Responsible Endowments Coalition, calls this a 'rage-inducing picture.' 'Universities raking in a record $40 billion in 2015, Wall Street stacked boards of directors approving self-dealing investments, all while tuition continues to rise, student debt continues to mount, and value of a college degree declines,' she says. 'The state of higher education is yet another example of austerity in America, and signals the dangerous creep of a free market fundamentalism that thinks all institutions in society exist to enrich the bankers.'

This week, REC's Executive Director, Marcie Smith is quoted in The Nation in Astra Taylor's article, "Universities Are Becoming Billion-Dollar Hedge Funds With Schools Attached." Check it out and share!

 (AP Photo / Elise Amendola, File)