College Discussion - View Single Post - How do people view University of Michigan??? against other universities

anzacday · 05-09-2008, 12:06 AM

Hey Alexandre,

I think your math might be a tad questionable. You must realize that very few institutions generate enough money from their endowments to cover their operating costs. The situation you're describing doesn't account for tuition, research grants, donations that go not to the endowment, but to specific departments or specific construction projects. Michigan, as I'm sure you know, has a very low Alumni giving rate.

Did I get the numbers for Rice wrong... Shame on me for using Wikipedia, I guess. This 2,700% figure is impressive... but didn't UM just sell of its health care system? Surely such self-cannibalization accounts from some of the endowment gain.

It's foolish to suggest that UM won't be hurt by the state's decline. If you have no tax base, you can't well get that luscious $330 million/year can you?

If you ask me, you should just go private. Prop 2 was outrageous and, besides, only rich people can afford to go to Michigan anyway. I read that the average family income of a UM undergrad is over $100,000.

05-09-2008, 12:06 AM	#95
anzacday New Member Join Date: Apr 2008 Posts: 16	Hey Alexandre, I think your math might be a tad questionable. You must realize that very few institutions generate enough money from their endowments to cover their operating costs. The situation you're describing doesn't account for tuition, research grants, donations that go not to the endowment, but to specific departments or specific construction projects. Michigan, as I'm sure you know, has a very low Alumni giving rate. Did I get the numbers for Rice wrong... Shame on me for using Wikipedia, I guess. This 2,700% figure is impressive... but didn't UM just sell of its health care system? Surely such self-cannibalization accounts from some of the endowment gain. It's foolish to suggest that UM won't be hurt by the state's decline. If you have no tax base, you can't well get that luscious $330 million/year can you? If you ask me, you should just go private. Prop 2 was outrageous and, besides, only rich people can afford to go to Michigan anyway. I read that the average family income of a UM undergrad is over $100,000. Last edited by anzacday; 05-09-2008 at 12:23 AM.