Financial need vs want

GMTplus7
Thu, 25 Apr 2013 00:03:10 +0000

@romani,

True, the rich schools do indeed defray some of their operating costs w endowmt earnings. But consider the arithmatic. If a hypothetical school has a 30 billion dollar endowment that earns only a modest 3% per year and has 10,000 students, then all the kids could attend for free, eat cake, and the school could still have leftover change.

But that’s not what the college do. There is now an arms race that high tuition = quality. Plus it satisfies the pervasive redistributionist liberal mentality of college administrations today to stick it to the higher earning parents.