That’s a fancy way of saying, they aren't smart enough to understand the business model of a lemonade stand...What is the source of all this debt?
I hypothesize it is the “grow or die” philosophy of so many colleges. I have yet to be on a campus that isn’t building, have some recently completed building, or have a new building about to start.
Colleges aren’t businesses (in the traditional sense). Businesses must grow. Colleges can stay the same size and still execute their mission: educate.
huh?
Harvard has an endowment of $32 billion!
One of the beast things that could happen to America would be if the Harvard schools of Business and Law were burned to the ground.
Morons??? Yes
These same morons teach students economics, They taught the Congress critters economics when they went to school there.
In debt up to their ass like our country and they still teach economics, Envirowhackism, Socialism, Marxism.
They hire faculty that are morons.More faculty than they need teaching subjects no one needs to learn.
Yu wonder why our country is in the shape it’s in? Colleges that teach Homosexuality is the new sexual norm, Colleges that teach that Good does not exist. Colleges that teach liberalism as their religion. They learn it in these sh*t colleges and they spread it to the Government. America’s colleges are a cancer that need a cure fast.
They always thought they were going to be in charge after it happened.
It's hard to be in charge when you're dead.
Some of these colleges building student union buildings at costs of 15-30 million and how long does it take to recoup that cost, Just to attract students to come to their college?..
May I be the first to say I think this is false? Most colleges, especially Harvard have huge endowments and probably have secreted investment and off shore accounts as well. I'm gonna guess that this was a planted story to take the heat off them when Obama starts redistributing incomes, trusts and savings.
Harvard can pay that debt with its endowment
Is there a way to know which institutions have what debt? Like, looking up Rice Univeraity vs UT.
That’s a fancy way of saying, they aren't smart enough to understand the business model of a lemonade stand...How are big colleges like Harvard in such debt when they have such big endowments?
In order to maintain their tax-exempt status, college endowments aren’t allowed to employ leverage (otherwise they could employ infinite leverage to invest in taxable interest-bearing securities). To get around this, their parent institution borrows, under the fig-leaf of some capital project - new building or whatever.
If they had half a testicle, the GOP would be demanding an end to tax-exempt status for all trusts and endowments.
Let. It. Burn.