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It's not clear to me why the top private schools are able to offer so much better aid packages. Willingness to compete with each other and huge endowments?
by RK 15y ago
It's not clear to me why the top private schools are able to offer so much better aid packages.
Willingness to compete with each other and huge endowments?
- greenyoda 15y agoHarvard has an endowment of $32 billion, on which they claim to have earned an investment return of 21.4% for the fiscal year 2011. (Source: http://www.hmc.harvard.edu http://www.hmc.harvard.edu) That $6.8 billion in income can fund a whole lot of financial aid.
- forrestthewoods 15y ago21.4%? Where do I sign up!