Administration sees little increase in need-based scholarships

showmethedata
Wed, 16 Jan 2008 14:35:51 +0000

To clarify, the statement that “only $500M…was used for scholarships” means that this portion of the total endowment was used as the basis for scholarship support. It does not mean that $500M of the endowment was actually spent for scholarships. Endowment spending for most universities ~4% of the principal/year. Therefore 4% of $500M= $20M spent on scholarships/year, an average of $3300/student.