4 ms·
Almost 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 hap
by ryan93 4y ago
Almost 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.
- ryan93 4y agoUnfortunately physical metaphors about “bursting bubbles” don’t correspond to reality. People at 18 and their parents are scared to DEATH of failure. They WILL pay exorbitant tuition at any decent university
- rgrieselhuber 4y ago> They WILL pay exorbitant tuition at any decent university That may be true but I still think we're headed for a big correction in education long term, both economically and in terms of cultural influence.