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> have created financial crises at most universities Those multi-billion dollar endowments are fine man, don't worry about them, they're not running out.
by vasco 11mo ago
> have created financial crises at most universities
Those multi-billion dollar endowments are fine man, don't worry about them, they're not running out.
- immibis 11mo agoAt 4% a billion dollars yields 40 million per year, if you have 1000 staff that's 40k each, barely pays a salary.
- vasco 11mo agoYeah and if you had 100k staff it's a pittance!
- jswelker 11mo agoI'm not talking about Ivy schools. I mean regional state and private schools that educate the majority of people who attend college. These do not have multi billion dollar endowments unless you are summing them all up.