NEW YORK–(BUSINESS WIRE)–A proposal to require colleges to spend some of their annual endowment investment returns on need-based student funding is one factor that is raising federal political uncertainty for the sector in 2017, Fitch Ratings says. This proposal would require all colleges and universities that receive federal aid and have endowments in excess of $1 billion to spend a portion of their annual returns on student aid. It would also require more disclosure from colleges about admi