<p>Funny for someone going to Penn (and with the current budget crisis everywhere) that you don’t read deeply enough to see is a $100M GAP not BUDGET. </p>
<p>Dartmouth’s annual Budget is also in the BILLIONS as well, for about 1/4 of the overall population of Penn. It spends more than any other Ivy on undergraduate grants and advising (COHE report). Per-student endowment is critical.</p>
<p>As a side note - Penn’s annual budget is 4th among the Ivies after Harvard, Yale, and Columbia (that includes grad students). BUT on a per student basis its budget is 7th, above only Brown and Cornell.</p>
<p>I don’t see in one possible way how Penn could be on a higher tier than Dartmouth for undergrad, I’d say its the opposite.</p>