Americans are generous, and those with success and wealth often are quick to give credit to those who helped them along the way. With college being such an important influence on many people, alumni give generously: the first $100 Billion of endowment money belongs to only seven Universities. Endowments help universities expand and enhance their academic and research capabilities. These attract and better educate more students, who are given more opportunities through scholarships. In turn, these universities generate a return on investment for their students. Study after study demonstrates that university graduates earn more and have lower unemployment rates than those with less education.
Higher education is critical to our economy. Expanding peoples ideas and encouraging entrepreneurship is important. Adding knowledge and skill to students is adding value to the future workforce. The country sees returns on its investment in education through a thriving economy.