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https://www.forbes.com/sites/adamandrzejewski/2021/10/31/ballooning-ivy-league-endowment-forecasted-to-top-1-trillion-by-2048 https://www.forbes.com/sites/adama
by zw123456 5y ago
https://www.forbes.com/sites/adamandrzejewski/2021/10/31/ballooning-ivy-league-endowment-forecasted-to-top-1-trillion-by-2048 https://www.forbes.com/sites/adamandrzejewski/2021/10/31/bal...
Harvard tops $55B and Yale over $43B now.
I have listened to the Feynman lectures before, they are great for sure. But there are thousands of people haven't, and yet they still have benefited from a good college education.
If you want to figure out how to scale an elite Ivy league education, I think you cannot, I think the elite part is what trips you up. But if you want to see how to scale a good college education, you need look no further than the state university system, which for over 100 years has done exactly that. Unfortunately, the costs of that have gone up to the point that many young people are saddled with unmanageable debt. Some progressives, who are themselves the product of said elite education, talk about taxing billionaires and large corporations to pay for universal affordable college but somehow conveniently overlook the pile of money sitting in those endowment funds, far more than what those schools will ever need.
We should have universal affordable college for all that want it, billionaires and large corporations should contribute to that and so should the elite schools with outsized endowments. A good start would be to add a little tax to all those and increase the subsidies to state and community colleges.
And this comes from someone who is a product of said elite schools and was lucky enough to have it paid for. But not everyone is so lucky. I have also been lucky to have worked with young people who served their country and used those benefits to pay for college and, in my view, they are every bit as capable as anyone that attended an elite school.
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