4 ms·

those endowments, especially for the Ivy League schools, aren't liquid at all. They'd take a massive haircut if they had to start pulling funds from it

• Marsymars 1y ago
  Presumably they could go to a large bank and make a deal so that they only have to take a relatively small haircut by getting a loan to be paid back from endowment interest.
• hnburnsy 1y ago
  If this is the case then they really are not for the benefit of students?