Stanford’s endowment fell 27 percent

Colleges & Universities Stanford University
1

<p>[Stanford</a> Endowment Loss Prompts President to Suspend Smoothing - Bloomberg.com](<a href=“Bloomberg Politics - Bloomberg”>Bloomberg Politics - Bloomberg)</p>

<p>excerpt</p>

<p>Hennessy has suspended the school’s so-called smoothing formula, which spreads losses over five years. The university, located near Palo Alto, California, said it dismissed 412, or 3.2 percent, of its non-faculty workers, in the first eight months of 2009, postponed $1.1 billion in construction and will close its 58,500-volume physics library.</p>

2

<p>Perhaps to make up for it they’ll accept more students so that there are more to enroll and more moneys@!@!</p>

<p>I can dream, can’t I?</p>

3

<p>imagine if you posted this on march 31, 2010.
that would be funny. (sorta. almost.)</p>

4

<p>lol I think the campus loses money for each student they admit, even for the one’s that don’t get any financial aid.</p>

5

<p>BigMike is right :smiley:
It costs the average private school 70-80k per student per year, but that price tag is absolutely impossible for 99% of the population (you need at least 40k to live on, so 110k/.66 (+ money for taxes) = ~165k. And that’s if your family is willing to pour all of its salary and savings into your undergrad education…
So colleges don’t charge that :)</p>

6

<p>CLosing the physics library? My S sent his app in last week and indicated he wanted to major in … physics! although his true passion is interdisciplinary sciences of some combo. Will he now appear uniformed since he didn’t appeal for the library to be re-opened? <joke></joke></p>

7

<p>It’s fine. The physics collection is just being moved to other libraries.</p>