Instead of suggesting affordable repayment plans, Navient allegedly steered borrowers to costly forbearance.
The lawsuit accuses schools of favoring the children of “past or potential future donors.”
The temporary moratorium on federal student loan payments expires at the end of the month.
It's raising questions about whether rich schools should pay more in taxes.
The endowment has returned 12.7% a year on average over the past decade.
Broader inflation is rising due to supply-chain issues and labor shortages.
There are fewer 18-year-olds to fill classrooms. That means less revenue for colleges.
Harvard's endowment still added $11 billion over the 12 months, and the fund's value hit a record $53 billion.
Schools will be called on to spend more on financial aid, one university official said.
Colleges are reaping returns that may not be seen again for a generation.
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