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I think it's more a case of the Trump administration momentarily forgetting the Harvard is basically a hedge fund that runs a college and that their revenue str
by baron_harkonnen 6y ago
I think it's more a case of the Trump administration momentarily forgetting the Harvard is basically a hedge fund that runs a college and that their revenue stream is not to be messed with.
If they added a clause that the rule only applied to colleges with an endowment of less than $1 billion it would continue along just fine.
- psychometry 6y agoActually, in the case of Harvard it affected far more PhD students than tuition-paying undergrads. Also, dozens of universities, cities, and states signed on to this lawsuit. It has little to do with Harvard's bottom-line.
- jessaustin 6y agoHarvard's endowment was not built from undergraduate tuition. 20% of undergrads don't pay tuition, and half pay reduced tuition, anyway. [0] You're correct, though, that Harvard's actions in this situation have nothing to do with a "revenue stream". Occasionally Harvard does the right thing, simply because it's the right thing to do. [0] https://college.harvard.edu/financial-aid https://college.harvard.edu/financial-aid