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<p>The endowment is how much money the school has in the bank to invest. The federal funding is probably all spent pretty quickly, so it shouldn’t affect the endowment. The government isn’t in the business of giving Ivy league schools free money to invest for capital projects in 2050.</p>
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<p>The “actual education” is pretty similar at Harvard, Columbia, or even NYU. It’s all prestige and image.</p>