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Endowments also usually come from alumni donations. So their business model is essentially to recoup money from students long after they've graduated and become
by baron816 10y ago
Endowments also usually come from alumni donations. So their business model is essentially to recoup money from students long after they've graduated and become successful.
- sliverstorm 10y agoThat incentive, at least, is correctly aligned. They can't bring in large alumni donations if they don't turn out well-educated successful students.