I've read that the Harvard endowment is so big that they could provide free education at the current size in perpetuity and never run out of money. I question "never", but none the less, they must have some serious money.
We have a leftist-academic-support, closed loop, higher education economy.
The sciences go along for the ride as long as they adhere to the political agenda. The graduates pay forever to support the Whakoes and enter the workforce largely brainwashed.
“I've read that the Harvard endowment is so big that they could provide free education at the current size in perpetuity and never run out of money. I question ‘never’, but none the less, they must have some serious money.”
You are, indeed, absolutely correct. In fact, the Ivies generally don't need much by way of tuition money to run themselves.
This is why, as I pointed out in a previous post, the Ivies don't actually charge most folks very much money.
My household might generally be called upper middle class. When I did the financial aid estimator for Princeton (my son is thinking of applying there), I found that Princeton considered by Estimated Family Contribution (the portion they'd want me to pay for tuition, room and board, and books) of about $12K - $14K. Just for kicks, I plugged my numbers back in, but with a family income of over $200K. The EFC came back at only around $30K (Princeton tops $50K for tuition, room and board, and books).
You gotta either have a very large amount of annual income or a lot of financial assets outside your retirement accounts to have to pay sticker price at an Ivy.
And they don't include student loans anymore as part of their financial aid. All grants.
The better the college into which you can get, the cheaper it will be.
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