Endowments for Stand alone art schools and art programs

taxguy
Sat, 26 Mar 2005 11:35:26 +0000

Nopoisonivy, you may be right. Maybe RISD should offer more scholarships. However, art schools have a lower endowment than that of other colleges. Thus, they can’t really afford to give large amounts of scholarships. This is just reality. For what it’s worth, RISD does have the largest endowment of any stand alone art program in the US plus they have a very nice profit making museum.

I must also say that I personally prefer the RISD approach to that of Carnegie Melon. CM has very high tuition, over $31,000 per year plus high fees. Also, for a school of their size, they don’t have a huge endowment. Thus, the richer parents are subsidizing the poorer ones to a great extent. I personally don’t like this especially if you are on the paying side!