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Perhaps US Universities should tap into billion dollar endowments or slash the administrative headcount instead of raising tuition yet again. https://www.theat

• fisherjeff 2y ago
  But the point of an endowment is to have a relatively stable funding stream in perpetuity - if you start dipping into the principal, the funding stream starts shrinking and is no longer perpetual. Harvard’s endowment, for example, already funds a little less than 40% of its budget, and should be able to continue doing so indefinitely. If you bump that to even, say, 50% there’s a good chance it won’t have any endowment (or funding stream!) at all in the year 2100.