<p>If you use the college’s own data at my alma mater (#1 LAC), you will quickly discover that more of the endowment (and alumni contributions) go to subsidizing the education of full-freighters (including the millionaires’ kids) than they do for so-called “need-based aid”. </p>
<p>The data would show that to be the same for many of the top LACs, and I expect most of the prestige privates as well,</p>