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Think about how time a value like 10K*$75 to a uni with a $50B+ endowment.
by lupire 4y ago
Think about how time a value like 10K*$75 to a uni with a $50B+ endowment.
- forgetbook 4y agoIt's the difference between a revenue stream and a sum of assets under management. The $50B isn't liquid and can't be used to distribute bonuses. The yearly $75,000 however can be distributed among admissions office admin with impunity, for the labor of accepting file uploads.
- Balgair 4y agoMore applicants at the same number of acceptances makes the school literally more exclusive. They think that a smaller reported % makes them look better.