It'll be removed from the ranking for 2023 like UCBerkely in 2019 |
That's not true. UTAs endowment is under 5 billion. |
I doubt it |
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According to the N ew York Times-
Without fanfare, U.S. News & World Report announced that it had “unranked” Columbia University, which had been in a three-way tie for the No. 2 spot in the 2022 edition of Best Colleges, after being unable to verify the underlying data submitted by the university. The decision was posted on the U.S. News website a week after Columbia said it was withdrawing from the upcoming 2023 rankings. |
UT Austin's endowment is different in that there is a state endowment and a private endowment. The state endowment comes from income from lands in West Texas set aside in the state constitution. For the University of Texas, only UT Austin receives a guaranteed percentage of funds for "excellence", which contributes $439M to the UT Austin budget for FY22. This is about the same as the contribution of endowment income to the UM Ann Arbor budget for FY22, $434M. In addition, UT Austin also has a private endowment of funds that were raised separately, which is currently $5.7B. Additional state endowment funds also pay off bonds used for construction. |
What is being reported in 4.3 billion. |
The NYT article continues: “ In its blog post on Thursday, U.S. News said that after learning of the criticism in March, it had asked Columbia to substantiate the data it had reported, including information about the number of instructional full-time and part-time faculty, the number of full-time faculty with the highest degree in their field, the student-faculty ratio, undergraduate class size and education expenditures. To date, Columbia has been unable to provide satisfactory responses to the information U.S. News requested,” the post said.” |
I thought US news just estimates the numbers if a college refuses to participate. |
I guess then the college can sue USNews |
It is an institution with a unique setup, but since it is public, everything is online. The current private endowment is $5.7B https://www.utimco.org/reports/private-endowments/ The public endowment, the Permanent University Fund, is currently about $32B and is split 2/3rd ($21.3B) to 1/3rd ($10.7B) between the University of Texas System and the Texas A&M System respectively. Of the UT System part, UT Austin gets the payout to support programs from over 50% of this total and can get no less than 45%. So that is currently about $10.7B. This excludes additional PUF funds that are allocated to pay for debt service on UT Austin construction bonds. https://www.utsystem.edu/sites/default/files/documents/report-state/2021/available-university-fund-report-fy-2021/fy-2021-ut-system-auf-report.pdf www.utimco.org |
They will punish Columbia in some way because they have to incent colleges to keep on cooperating. |
| Very interested to see what rankings they cook up tomorrow |
Columbia is #5 by Forbes. Doesn't matter what National Enquirer, Vogue, Victoria Secret, or US News says. |
I guess that everyone is entitled to at least one fantasy. |
Columbia as #5 by Forbes is not a fantasy. It's a fact. |