Ap Fact Check: Trump off on how colleges use endowments

Donald Trump says colleges and universities should be using their endowments to make college more affordable but that too many are using "the money to pay their administrators or put donors' names on buildings or just store the money, keep it and invest it." But that's not exactly how endowments work.

Controversial new report claims colleges in ‘$500 million…

Many schools with massive endowments are not doing enough to invest in low-income students, according to a controversial new report by the Education Trust, a nonprofit organization. Dubbing those schools the "$500 million club," the report found that while these institutions represented about 3.6% of all colleges and universities nationwide, they held 75% of the endowment wealth in the country.

Magic Johnson to Give $2.5M in Scholarships to SC State

Five-time NBA Champion Earvin "Magic" Johnson will partner with SC State University to raise $2.5 million toward an endowed scholarship that will bear the global businessman's name. Such a philanthropic effort is the first in the university's history.