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Because universities are billion-dollar funds with schools attached to them. They’ve generally expanded in direct proportion to the exorbitant student debt that
by save_ferris 6y ago
Because universities are billion-dollar funds with schools attached to them. They’ve generally expanded in direct proportion to the exorbitant student debt that kids sign up for, and now that entire system is going to be tested in incredibly difficult ways. Most K-12 students in the US live at home, which is a much safer option generally than on campus, as most undergrads do.
- otoburb 6y ago>>Because universities are billion-dollar funds with schools attached to them. The market value of US endowments in 2016 was $542B, of which 120 of the richest accounted for a whopping $401B or 74% of the total endowment value in the US.[1] The 26% remainder ($51B) was split between 2832 4-yr degree-granting colleges[2] for an average endowment (excluding the top 120 richest) of ~$19M/college. Only 4% of 4-yr degree-granting colleges have endowments >$750M. [1] https://nces.ed.gov/fastfacts/display.asp?id=73 https://nces.ed.gov/fastfacts/display.asp?id=73 [2] https://nces.ed.gov/fastfacts/display.asp?id=84 https://nces.ed.gov/fastfacts/display.asp?id=84