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With the size of Harvard’s endowment, 11% of its operating income coming from federal sources, and its tax exempt status, it’s hard to understand why anyone has
by mmmBacon 2y ago
With the size of Harvard’s endowment, 11% of its operating income coming from federal sources, and its tax exempt status, it’s hard to understand why anyone has to pay tuition regardless of need.
- zeroonetwothree 2y agoTuition is around 21% of their revenue and the endowment is 37%. That corresponds to around a 4.8% withdrawal rate currently which would go up to around 7% if they covered tuition. And 7% is probably too high to do in perpetuity.
- csa 2y ago> Tuition is around 21% of their revenue The bulk of that tuition is grad school tuition — MBA, law school, and all non-terminal master’s degrees being large contributors — plus exec ed. Undergraduate tuition is a small fraction of that.