<p>Bill Gates’ contribution did set up a separate trust (administered within the University) but you are correct in saying that this money is essentially to fund scholarships. However, this of course in turn then frees up a lot of other University money (that may have been put towards scholarships) for other uses within the University. However there have been other Gates donations that went directly towards University facilities and infastructure… the computer science department, for example, is located in the William Gates Building. </p>
<p>A friend of mine who went to Cambridge was telling me all about the way the University is organized and it is seriously complicated… especially when it comes to endowments and money. But then again, when these places are 800 years old and focused on preserving tradition it’s no surpise that things get a bit complicated ;-).</p>
<p>I enjoyed your list… believe me I’m sure many traditional Oxbridge types have serious criticisms of most US universities, they just have proper manners and aren’t so concerned with bashing people for the sake of bashing people. Case in point, the same friend told me this story about some snotty American from an Ivy league school who was saying that Oxbridge is crap, behind the times and such and the response was a simple and polite:</p>
<p>“Well Sir, I believe you’ve taught be everything I need to know about your provincial education.” and camly walked away. ;-)</p>
<p>Oxbridge is most certainly not crap.They are a bit behind on the times but at least they recognize this and are trying to catch up (cambridge more so). Their relatively low endowments will hold them back though.</p>
<p>I think that the key difference is that the planned expansions at Harvard are just to stay on top. Oxbridge needs to consider ways to maybe restructure their entire enterprise to get back on top. Harvard has $30b to play with to keep it there… Oxbridge does not. And as research grows increasingly expensive, that money’s going to look better and better every day.</p>
<p>Sorry, but prestige matters a lot more than GPA.</p>
<p>And yeah, the kids I know who went to state schools didn’t get good jobs. Why? Because they were around people of lower socioeconomic standing and less ambition, meaning they couldn’t network properly.</p>
<p>Now, 25 years down the road, a small number of those kids from state schools will start small business that will turn into decent sized businesses, and make more money than a lot of those that went to Ivys. But they’re the exception, not the rule.</p>
<p>Pure Honey, though Loyola is no Harvard it seems to be a very respected school. If you are enjoying the academics, the social life, and the other aspects of Loyola and simply dislike the fact that it doesn’t have a high ranking or super, duper name recognition…you honestly need to chill. Your inferiority complex is getting in the way of your success. Not the school itself. If it bothers you that much, please try to transfer.</p>
<p>Wutangfinancial, sorry but I think what matters more than prestige (and GPA to a certain extent) is how you hustle. Just because you go to a prestigious school doesn’t mean that you necessarily have the drive to <em>truly</em> succeed. Now, most of the time if you did get into a top 20 school you probably do have that drive…but let’s face it, not everyone in those colleges will. Some students who go to wonderful schools and have great networking opportunities decide to bury themselves in books or whatever and don’t take advantage of these opportunities. So they have an impressive GPA from an impressive school…and that’s it. On the other hand some state school kids might decide to take full advantage of their resources and perhaps even go above and beyond…and guess what? They actually get a job. State school doesn’t always equal=students with no ambitions.</p>
<p>Yes, there are some fields that focus on the prestige of your college, but for the most part getting a job isn’t as cut and dry as some people on here make it seem (get a good GPA from a highly ranked school and voila! You automatically land a great job.</p>
<p>wutangfinancial, your assertion that “state school” students don’t know how to network is a completely useless and dramatically oversimplified generalization.</p>
<p>I’ve only attended a community college until now, yet my network includes the chairman and executives of a publicly-traded auto insurance company, the leadership of a major professional auto racing series, championship-winning race drivers and team owners, top racing journalists and PR execs, not to mention journalism professors and professional journalists.</p>
<p>re-nuh, you’re exactly right when you say what gets noticed is your hustle - and your skills. What college your diploma is from is barely relevant in a lot of jobs - it’s what you can do that matters to employers. The diploma is just the ticket to get in the door.</p>
<p>Lol, wutangfinancial! Yeah, those “state school” kids are idiots. I mean, UCLA, Berkley, UVA? Psshh! Might as well fill out the McDonald’s application right now.</p>
<p>wutangfinancial, I actually laughed at your post. Your opinion was completely worthless and unfounded. Also, I love how you just lump all state schools together like they are all equal. The CC elitist and condescending comments are always humorous. I assure you that there are many rich people with great connections that you can meet at the good state schools.</p>
<p>I’m talking about your run of the mill state school. For example, I’ve never met anybody in the rich suburbs of Boston that went to U Mass Boston or U Mass Lowell, EVER. And I know tons of people that went to those schools. They mostly live in near poverty. The most successful grads from those schools sell cars or just lost their jobs as mortgage brokers. Welcome to the real world, boys and girls. Sorry it isn’t a PC fairy land that mommy promised.</p>
<p>Go to the lower middle class neighborhoods in Boston, and people went to UMass. Go to the upper middle class areas and they went to Tufts. The rich went to Harvard. The poor have GEDs. Just the way it is.</p>
<p>wutangfinancial, my former boss went to Johnson and Wales University. He founded a $20 billion mutual fund, is the chairman and major stockholder of a publicly-traded auto insurance company and owns a championship-winning professional racing team.</p>
<p>My mother went to JFK University, an un-prestigious Bay Area college aimed at working adults… she’s pulling down $80k+ as a budget auditor for AAA and drives a $55k BMW Z4 M Coupe.</p>
<p>Please, please don’t try and sell the notion that people who go to “state schools” are somehow lesser, unworthy or destined for poverty. Nobody’s going to buy it, because it’s a pile of steaming BS.</p>
<p>How obnoxious. No one ever suggested that. If genuine sympathy/compassion from others doesn’t make you feel better, what will? Tough love? It sounds like you’re just lazy and want to make excuses for your poor performance. Or you’re severely depressed. Either way, do something about it!</p>
<p>It doesn’t matter WHERE you go to school if you work hard, which clearly you are not doing. It doesn’t matter what the reason is (you being disillusioned by brand names or whatever). Right now your problem stems not from a lack of ability, but from a lack of ambition (I received that in a fortune cookie once and was ****ed when I read it - “truth hurts,” etc. But it’s applicable to a lot of people in so many ways). This little tirade would be justified if you DID have that 4.0 at Loyola and were then worried.</p>
<p>If you want it, go for it. Don’t make excuses for yourself. So until you feel like getting your crap together, someone call the waaaambulance because all that you are doing is whining and feeling sorry for yourself. Be grateful that you have this incredible opportunity/privilege of higher education and make the most of it.</p>
<p>wutang always ■■■■■■ like this. It’s always the same thing; if you dont go to a top 25 or whatever bs, you’re a failure and you’ll become a failure. /YAWN</p>
<p>I am not sure that you must attend a top MBA school. How do you find reputable schools that would accept your 2.7-3.0 student with excellent internships?</p>
<p>After that first job or the first few internships no one is going to care what school you attended, or how high your GPA was. They want you to have a degree, but for the most part they want to know you will be good at your job, something proven by your past work, not your past school. There is an insignificant correlation between the success of someone and which school they attended.</p>
<p>“And yeah, the kids I know who went to state schools didn’t get good jobs. Why? Because they were around people of lower socioeconomic standing and less ambition, meaning they couldn’t network properly.”</p>
<p>There are plenty of wealthy people at state schools. There also are plenty of people from state schools who get excellent jobs. A big plus particularly of large, flagship state universities is the networking because of the hundreds of thousands of alumni.</p>