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One might or might not be impressed - depending upon the number of students this is likely to affect. I am sure that Stanford has done it's sums and taken into

by bdfh42 19y ago

One might or might not be impressed - depending upon the number of students this is likely to affect. I am sure that Stanford has done it's sums and taken into account the net impact of attracting applications from bright students coming from less well of homes.

jyothi 19y ago
This will definitely welcome a lot of foreign students to apply where the rich middle class barely earns $30000 - including the IT industry which has the fattest pay packages.
- jorgeortiz85 19y ago
  It's unclear whether this policy also applies to foreign students. Typically, Stanford's financial aid to foreign students has not been "need-blind". Does anyone have further info on this?
  - ptn 19y ago
    I am very much interested in this topic...given that I'm foreign. Does anybody know if this would benefit a peruvian?
jimbokun 19y ago
"I am sure that Stanford has done it's sums and taken into account the net impact of attracting applications from bright students coming from less well of homes." If you read the article, I think it's clear that Stanford has taken into account U.S. Senators questioning it's tax exempt status when it has a ballooning endowment along with big tuition increases.
- pchristensen 19y ago
  I forgot where (Greenspun, I think) but the gist was that non-profits must disburse 5% of their endowment each year but these mega$$$ universities were doing more like 3.5%-5%. It's worth giving away free tuition to some middle class kids to maintain that status. Some of the endowments (Yale, Harvard, Standford, etc) are so big that they're basically investment funds that run universities in order to avoid paying taxes.
  - anewaccountname 19y ago
    >Some of the endowments (Yale, Harvard, Standford, etc) are so big that they're basically investment funds that run universities in order to avoid paying taxes. If that is what they are, then what is the exit strategy?
    - pchristensen 19y ago
      To rule the world?
  - neilc 19y ago
    > Some of the endowments (Yale, Harvard, Standford, etc) are so big that they're basically investment funds that run universities in order to avoid paying taxes. I think there is a fundamental difference: the investors in those funds are not making any profit. The managers are taking some fees (although even those are pretty modest, compared to what they could make running their own hedge funds and taking 2+20), but the endowments are either reinvesting all their profits or using them to benefit the university.

by bdfh42 19y ago

jyothi 19y ago

This will definitely welcome a lot of foreign students to apply where the rich middle class barely earns $30000 - including the IT industry which has the fattest pay packages.

jorgeortiz85 19y ago
It's unclear whether this policy also applies to foreign students. Typically, Stanford's financial aid to foreign students has not been "need-blind". Does anyone have further info on this?
- ptn 19y ago
  I am very much interested in this topic...given that I'm foreign. Does anybody know if this would benefit a peruvian?

jimbokun 19y ago

"I am sure that Stanford has done it's sums and taken into account the net impact of attracting applications from bright students coming from less well of homes." If you read the article, I think it's clear that Stanford has taken into account U.S. Senators questioning it's tax exempt status when it has a ballooning endowment along with big tuition increases.

pchristensen 19y ago
I forgot where (Greenspun, I think) but the gist was that non-profits must disburse 5% of their endowment each year but these mega$$$ universities were doing more like 3.5%-5%. It's worth giving away free tuition to some middle class kids to maintain that status. Some of the endowments (Yale, Harvard, Standford, etc) are so big that they're basically investment funds that run universities in order to avoid paying taxes.
- anewaccountname 19y ago
  >Some of the endowments (Yale, Harvard, Standford, etc) are so big that they're basically investment funds that run universities in order to avoid paying taxes. If that is what they are, then what is the exit strategy?
  - pchristensen 19y ago
    To rule the world?
- neilc 19y ago
  > Some of the endowments (Yale, Harvard, Standford, etc) are so big that they're basically investment funds that run universities in order to avoid paying taxes. I think there is a fundamental difference: the investors in those funds are not making any profit. The managers are taking some fees (although even those are pretty modest, compared to what they could make running their own hedge funds and taking 2+20), but the endowments are either reinvesting all their profits or using them to benefit the university.