MetroWest Daily News - Local News Coverage: "
Billionaire University club is getting crowded
By Justin Pope / AP Education Writer
Sunday, May 22, 2005
NEWTON -- Crossing the main quad at Boston College, visitors can't miss the billion-dollar view.
There is Higgins Hall, the recently renovated science center, with its pricey, Gothic exterior. Behind it sits a new, $41 million office building, complete with coffee bar. Down the road, through well-tended grounds, lies St. Ignatius Gate Residence Hall, home to 322 students in suites featuring instant cable and high-speed Internet access.
'I don't think you can ever overinvest in higher education,' says the Rev. William Leahy, BC's president. With an endowment that hit $1.15 billion last year, BC can invest a lot: The school is in the stratosphere of wealth in American higher education. "
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