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At this point, these well-endowed universities are essentially Private Equity firms, each with a university hanging off the side as a minor, semi-profitable dep
by ryandrake 6mo ago
At this point, these well-endowed universities are essentially Private Equity firms, each with a university hanging off the side as a minor, semi-profitable department within the firm.
- AndrewKemendo 6mo agoPrecicely this Everything is a bank for the rich. The people who “invested” in the endowment would rather burn their money than let someone use it without getting a multiple return on it
- JoeNuts 6mo agoUniversities get ~40-50% of their funding from the government. Private equity doesn't quite fit.
- dhosek 6mo agoIs that across all universities? Because I would guess that, for example, University of Illinois gets a much larger portion of its funding from government sources than University of Chicago (which would be one of those well-endowed universities which, incidentally, just cut tuition to zero for undergrads from families making less than $250K).
- mcmcmc 6mo agoUniversity of Illinois is also a public school. University of Chicago is private, as is MIT.
- dhosek 6mo agoWhich is precisely why I made that comparison.
- deleted 6mo ago[deleted]
- JoeNuts 6mo agoThis study estimates that government spending is 40% of public university revenue, ~10% for private schools. https://nces.ed.gov/programs/coe/indicator/cud/postsecondary-institution-revenue https://nces.ed.gov/programs/coe/indicator/cud/postsecondary...