3 ms·
Endowments really need to go. Put that towards paying for student's education instead of locking it up.
by GaryNumanVevo 7y ago
Endowments really need to go. Put that towards paying for student's education instead of locking it up.
- pmiller2 7y agoTheoretically, endowments are _supposed_ to be paying for students’ education.
- gnicholas 7y agoIf endowments go, so do good professors. My wife was recruited by a couple institutions last year. One of our key concerns about one institution was the endowment. Tenure is not nearly as valuable at a institution that is not on strong financial footing.
- NTDF9 7y agoWhy are endowments so important for Professors? They're not seeing a dime from that anyway.
- gnicholas 7y agoIf a university has a strong endowment, it provides assurance that the operating budget will be buffered against economic downturns. If universities did away with endowments (and did not replace them with mind-boggling amounts of insurance), it would increase the chance that professors' jobs and/or salaries would be at risk. Unlike most jobs, academic positions can last for half a century, so it is reasonable to look far into the future when assessing the desirability of a particular position.