U of M vs. Purdue

Alexandre
Sun, 06 Apr 2008 22:50:22 +0000

muzicgirl, Michigan isn’t stingy, it just isn’t wealthy enough to give out more scholarships and aid. Historically, Michigan had a small endowment compared to its peers. In recent years, its endowment has outpaced all other universities and grown substantially. However, even now, its endowment, relative to its size, still lags that of its private peers. Schools like the Ivy League, Duke, MIT, Northwestern, Stanford etc…have larger endowments per student and as such, can give out more aid per student. Thankfully, at the current rate of growth, in a few years, Michigan will be in a position to afford more aid to its students, but the university isn’t there quite yet.