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MIT and Harvard did this for 800million? Don't these two universities have multi hundred billion dollar endowments ? Squeezing every single drop of money from
by tsjq 5y ago
MIT and Harvard did this for 800million? Don't these two universities have multi hundred billion dollar endowments ?
Squeezing every single drop of money from every single brick of the university : great work, MBAs . Slow clap
- henvic 5y agoIt's a shame how academy ends up being unaccessible for many people, even though they receive a lot of endowments... while there are a lot of ways to make them more accessible! Like: online courses... or... What about the white elephant in the room? The cost of social events and Ivy League athletes/sports. I don't have anything against those, but if I were in a position of power in one academic entity, I'd definitely make sure sports is not a cost center, as it is today for many.
- whimsicalism 5y agoYou don't need to do anything regarding Ivy League sports to be involved with the academy, how is this relevant?
- henvic 5y agoI think you either misread what I wrote. The relevance is the that such activities have been driving up the tuition costs, so attending or not, they've a cost on the student. Usually this extra cost is not explicit, though, as nowadays most students have to get a loan to attend university. This wasn't always the case. https://www.youtube.com/watch?v=KnMCbSB_T4Q https://www.youtube.com/watch?v=KnMCbSB_T4Q
- Finnucane 5y agoNo, they do not have 'multi-hundred billion dollar endowments'. Harvard's is around $40 billion, which is a lot, but income from the endowment only covers about a third of operating costs. It is all already budgeted for other purposes. Even for Harvard and MIT, $800 million is a non-trivial amount of money.