<p>When Y announced its dramatic FA increase 2-3 years ago, it said it required an approx $30M per year increase in its budget, I think. Since the endowment drop, Y has directed all its departments to cut back and some capital expenditures have been put on hold.</p>
<p>But you have to know this. Yale’s endowment was at only $7 billion a decade ago. It shot up to $22B and now has receded back to $17-18 Billion. </p>
<p>Guys: Yale has spent BILLIONS over the last 10 years on various upgrades. I’d say 80% of US universities don’t even have ONE BILLION in their entire endowment. Yale SPENT this amount in its recent history.</p>
<p>Yale (and some other sister institutions) has declared that its new generous FA will not be back-tracked. It’s a point of pride for them and for the alumni. If and when they ever do decide that, they’ll face a lot of scrutiny from the entire Yale community.</p>
<p>Your “mistrust” of their veracity is nothing compared with what the alumni worldwide would bring to bear on Yale if they altered course. </p>
<p>If you want to believe in conspiracies-- go right ahead. I don’t see Yale holding back in terms of FA at all. As a matter of fact, other colleges who have had to scale back are shaking in their boots because HYP haven’t and now are killing them in terms of cross admits due to HYPs’ great FA packages.</p>