Education: B Is for Billion

Stanford drives for a record

What is a billion dollars these days? Merely one-half of 1% of the annual federal deficit. But such a sum would seem beyond the grandest aspirations of higher education. Not so. Stanford University is announcing this week that it will seek $1.1 billion in a five-year fund-raising drive. Aimed at upgrading science research facilities, helping the growing number of students who need financial aid and increasing the endowment from $1.5 billion to $1.8 billion, the campaign is by far the most ambitious in the history of private education. Stanford's closest rival, Columbia University, is in the fifth and final year of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!