5 ms·
The notion that there is "money on the table" is fundamentally flawed. Why are we building every single system essentially to catch whales with a cacophony of b
by SQueeeeeL 4y ago
The notion that there is "money on the table" is fundamentally flawed. Why are we building every single system essentially to catch whales with a cacophony of bureaucratic stop gaps to help "the poor" navigate this hellscape process, it just leads to an endless cycle of more and more loopholes being topped onto each other. You're basically forcing anyone not rich to do a boatload of extra labor. A streamlined process that doesn't endless sticker shock people and force them to grind for scholarships and financial aid while charging a fair price is easier on the psychology of all involved
- NovemberWhiskey 4y agoAgain - a problem at places other than Harvard, which operates a need-blind approach where students will all automatically receive 100% of their demonstrated financial aid requirements.
- alistairSH 4y agoThe thing is, Harvard could very likely fully-fund everybody's tuition from endowment, while continuing to allow the endowment to grow. I can't remember where I read that, I'll try to find a reference this evening.
- NovemberWhiskey 4y agoIt's completely impossible for an outsider to know that - you have no idea what constraints are placed on the gifts that make up the endowment - it's not one big fund you can draw down on as needed; it's like 14,000 different funds each of which may be allocated to a specific purpose (like a particular professorial chair or to a library or whatever).
- nverno 4y agoMalcolm Gladwell wrote about it recently, showing Princeton had reached that point. https://malcolmgladwell.bulletin.com/princeton-university-is-the-worlds-first-perpetual-motion-machine/ https://malcolmgladwell.bulletin.com/princeton-university-is...