3 ms·
The "good private universities" may be "non-profit" in some strict sense, but in the case of the big Ivies (e.g., Harvard, my alma mater), they could be describ
by cpr 10y ago
The "good private universities" may be "non-profit" in some strict sense, but in the case of the big Ivies (e.g., Harvard, my alma mater), they could be described as a hedge fund with, oh, yes, by the way, a school attached, or, alternatively, as a huge Federally-funded research institution.
The educational part seems to be a facade for the big money/big institution part.
(Bitter much? Sure. ;-)
- vonmoltke 10y agoWhat good is a "hedge fund" you can't take the money out of? The Ivies have massive endowments, but that money can only be spent on the school.
- sldivzklhc 10y agoI went to a school like that. They provided grant-only aid to cover tuition and living expenses for students from most of the US income distribution. I think you will have a harder time finding sob stories about my classmates (at least since the no-loan policies were enacted).