College is expensive, but there is one place in higher education where there's no shortage of money – endowments. There's more than $616 billion worth of endowments assets in the U.S. Lawmakers are starting to questions why tuition is still rising if some schools have billions of dollars.

» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

#CNBC

How Harvard and Other Colleges Manage Their Endowments