<p>[The</a> Daily Northwestern - Northwestern’s endowment rebounds from fall](<a href=“http://www.dailynorthwestern.com/northwestern-s-endowment-rebounds-from-fall-1.2142021]The”>http://www.dailynorthwestern.com/northwestern-s-endowment-rebounds-from-fall-1.2142021)</p>
<p>“The fact that we’re much less vulnerable, much less driven, by the endowment than peer institutions, then for once, that served us well,” Schapiro said. </p>
<p><em>Like</em></p>
<p>Quote:
"Instead of using its endowment, the University relies heavily on tuition money and research grants, University Spokesman Al Cubbage said. "</p>
<p>so less financial aid?</p>
<p>^no. what it means is it enables the school to operate business as usual to a larger extent. so NU should likely have less cut, if any, in usual things (things that increase operating expenses) like fin aid than others that rely more on endowment for their operating expense.</p>
<p>^on the other hand, it partly explains why NU FA hasn’t been among the most generous in the past. in the good days, the schools that rely more on endowment to keep it running are able to offer generous scholarships/FA. the endowment has to keep up to make the generosity substainable. once the good time is over, those schools would have to scramble to cut services. those services may or may not include FA but some things have to incur the cut.</p>