<p>This especially was significant in the NY Times article anxiousmom mentioned. It’s a huge achievement to be 16th in the country for endowment per student. Given the cost of living in places like Princeton, the endowment per student at Berea probably is much closer in real terms to Princeton’s than may seem at first glance. </p>
<p>" The college’s endowment is $500 million, or nearly $300,000 a student, making Berea 16th in the country in endowment per student. The figure is behind Princeton’s $700,000 a student or Harvard’s $500,000, but Berea manages frugally so it is able to make ends meet without charging tuition."
[COLLEGE</a> & MONEY; A Free Bachelor’s. No Kidding. - New York Times](<a href=“http://query.nytimes.com/gst/fullpage.html?res=950CE1DE103EF937A35752C0A96E958260&sec=&spon=&pagewanted=2]COLLEGE”>http://query.nytimes.com/gst/fullpage.html?res=950CE1DE103EF937A35752C0A96E958260&sec=&spon=&pagewanted=2)</p>