5 ms·
The endowments would run out instantly. And you would destroy great research institutions. Some people just enjoy destruction
by ryan93 4y ago
The endowments would run out instantly. And you would destroy great research institutions. Some people just enjoy destruction
- rgrieselhuber 4y agoIt’s not about destruction but equity. Tax-funded student loans should not be used to grow endowments and should be sequestered. Let donors fund the endowments if they care about the research institutions. Return the people’s money to the people.
- Jtype 4y agoTake an economics course.
- rgrieselhuber 4y agoWhich economics course explains the workings of endowment funds at elite schools and the flow of money from student loans?
- ryan93 4y agoDonors do fund endowments. The schools most dependent on tuition have very small endowments. You don’t seem to know anything about this
- rgrieselhuber 4y agoAre you saying that no tuition backed by student loans ends up in endowment funds?
- ryan93 4y agoPretty much. Tuition is set by willingness to pay. Most large endowments are actually thousand of small endowments that are earmarked for certain things. Also many of the largest endowments are actually used for giving large financial aid. On principle its not of your business where private endowments come from. The government can of course stop giving loans to anyone and everyone for any amount.
- rgrieselhuber 4y agoI don't care about private endowments, that's the business of donors. There does seem to be conflicting opinions on whether tax money (student loans) flows into endowments and, if so, that should be immediately shut down.
- ryan93 4y agoAlmost all endowment increases come from donors and stock market gains. Harvard spends 5+ percent of their endowment per year. It would be trivial if it was happening to prevent tuition going to endowments since tuition is a small fraction of spending at rich universities. Your weird obsession will do nothing to lower costs
- rgrieselhuber 4y agoNot sure how it's a weird obsession to want to know how tax dollars are being spent on universities, especially given the OP. Do you have something to back up what you are asserting, that endowments are not funded (directly or indirectly) by student loans?
- ryan93 4y agoEndowments increase the amount that can be spent. All universities spend all the tuition. Feel free to block tuition from going into endowments; doesn’t matter. https://thedailytexan.com/2019/03/08/ut-now-has-the-second-largest-endowment-in-the-country-what-does-that-mean/ https://thedailytexan.com/2019/03/08/ut-now-has-the-second-l... Here is interesting journalism
- rgrieselhuber 4y agoI'll take a look at the article. If tuition and tax money aren't going into endowments, then I don't really have a problem. To date, whenever I would bring this topic up, it was pretty quickly shut down, which always gets my spidey sense going. The problem of increasing tuition costs is a whole topic in its own right but I think we are also on the verge of bursting the education bubble in general, so that will have an impact.
- cuteboy19 4y agoThis is like saying a public school teacher can't buy a cigarette because his money actually came from "taxpayer funds". The moment the money enters the teachers account it is no longer taxpayer money. The same is the case for the university. How they spend the tuitions is entirely upto them.