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> Essentially nobody graduates from Harvard with a significant amount of debt. Now I wonder: 1) how common it is to have such a tuition scaling? 2) can Harva
by afiori 6y ago
> Essentially nobody graduates from Harvard with a significant amount of debt.
Now I wonder:
1) how common it is to have such a tuition scaling?
2) can Harvard do this just because they have a shitload of money?
3) how easy/hard/expensive would it be for other colleges/universities to do something similar?
4) Is this possible only because a significant percentage of students are in the higher tiers and in practice their full tuition is what makes these discounts possible?
- defen 6y agoI don't have exact answers to your questions, but it basically comes down to the endowment. For example Princeton has an endowment of 29 billion dollars. There are 8,623 undergrads, and if you assume the full sticker price for tuition, room, board, and expenses ($75,210) reflects the actual cost, then it costs $648,535,830 per year to educate those students. That's 2.5% of the endowment if you assume nobody is paying anything and that it reflects the true cost; but the endowment grows by more than that annually just from investment returns!