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Universities with large endowments still charge tuition. The available proceeds from appreciation of the trust may not be enough to cover their operating expens
by xenophon 1y ago
Universities with large endowments still charge tuition. The available proceeds from appreciation of the trust may not be enough to cover their operating expenses.
- facile3232 1y agoUniversities aren't exactly a great model of freedom from private interests. And it's not clear why many of them do still charge tuition—i just assumed it was some effort to emphasize classism in a world where they also want to look gracious for paying for poor people. And believe me, for the colleges I examined this at, tuition was a rounding error compared to the return on the endowment. It is just for aesthetics of charging students in a uniquely american show of stupidity.