2 ms·
I see a lot of negativity and questioning the motives of Dartmouth here. The college endowment is large enough that they could fund tuition for all students. Th
by twobitshifter 4y ago
I see a lot of negativity and questioning the motives of Dartmouth here. The college endowment is large enough that they could fund tuition for all students. The place is not run like a for-profit business and these decisions are made by looking at the finances what their goals are for funding financial aid. At some point it doesn’t make sense to give free tuition to a family and the money could be better spent elsewhere to further their goals.
Since September they received $120M, divide by 70,000 and that’s full tuition for 1714 students, more than the freshman class. In the “campaign” it’s over $500M covering everyone for a year.
In 2021 the endowment was $8.5B. A 4% yearly return on the endowment could fund every single undergraduate and then some in perpetuity. As mentioned above, they’re raking in massive donations on top of that so the endowment is growing faster than it can be spent.