<p>Not really LDB. UVa and Michigan are roughly as wealthy as Duke, Emory, Northwestern and WUSTLon a per student basis when you factor in state appropriations. Amazing ins’t it? Michigan receives $320 million from the state annually. Universities spend 5% of their endowment annually. It would take roughly $6.4 billion of endowment to generate $320 million annually. Add that $6.4 billion to Michigan’s $6.6 billion endowment and you have an endowment of $13 billion. Divided by 41,000 students, you get $315,000/student, which is roughly equal to Duke, Emory, NU and WUSTL. UVa is in the same ball park. </p>
<p>I suggest you inform yourself before demonstrating how ignorant you are.</p>
<p>“Considering the economic downturn which depleted the financial assets of private institutions seems to behind us, you can expect that many private schools will bounce back quite nicely and the difference between these schools and the top publics will be exacerbated once again. Duke’s endowment, for instance, is already up over a $1 billion compared to these end 2010 FY figures.”</p>
<p>Maybe you should check which university has experienced the largest growth in endowment over the last 20 years. I will give you a hint, it is a public university.</p>