<p>Yes, you could expel all students but one, I suppose (a Reductio ad absurdum argument). I am unclear if you are seriously questioning why people analyze endowment per student or if you were merely in an disputive mood last night. I will assume the former, hence:
[ul]
[<em>] At Trustees meetings, each of these schools examines endowment per student because it is what permits you to keep tuition low and/or increase discounting, and/or increase scholarships.<br>
[</em>] In papers like Andover’s Phillipian, they periodically publish comparisons on this basis. Citing their administration, they reported
[<em>] If you Google Endowment per Student you will see extensive discussion and reporting on the analysis.<br>
[</em>] In Boardingschoolreviw you will see the same.[/ul]</p>
<p>If it was the later then -30-.</p>