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It's worth pointing out that tuition is not necessarily the main source of income for a school, especially a well-established prestigious one. At my college, wh
by lmkg 8y ago
It's worth pointing out that tuition is not necessarily the main source of income for a school, especially a well-established prestigious one. At my college, which is less than 75 years old, the number cited to me was that tuition covered only 40% of the college's cost of providing an education. Endownments, grants, foundations, and alumni donations accounts for a lot. I'm not super familiar with Rice, but I would imagine it has a decent endowment and access to other funding sources.
- eftychis 8y agoAt the institutions, I was affiliated in fact it isn't. Most paychecks get covered by research grants. It is usually events, and perhaps minor constructions that get covered by tuition. The main input streams are from donations, fund raising and grants. For public ones, there is also the public/state expenditure, but I think that stream, can not support top institutions. Tuition can be pocket money for a lot of institutions.
- blacksmith_tb 8y agoMany have large endowments[1] which should cover much of their operating expenses (though I see Rice's 'measly' $5B only covers 40%[2]). 1: http://www.slate.com/articles/business/moneybox/2015/09/harvard_yale_stanford_endowments_is_it_time_to_tax_them.html http://www.slate.com/articles/business/moneybox/2015/09/harv... 2: http://www.ricethresher.org/article/2016/10/5-billion-rices-endowment-explained http://www.ricethresher.org/article/2016/10/5-billion-rices-...