Thats not the problem. The real dirty little secret here is every middle class parent is paying his kids tuition. AND the tuition of 1 or 2 minority or poor kids tuition. On top of that many private schools are sitting on huge endowments that they WON’T touch.
On top of that many private schools are sitting on huge endowments that they WON’T touch.
Dirty little secret about Harvard’s endowment:
It’s big. And the way it’s invested, it’s way, way past critical mass. The investment income generated by endowment ALONE can cover the tuition of all the students, and then some.