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https://www.usnews.com/education/best-colleges/the-short-list-college/articles/2017-09-28/10-universities-with-the-biggest-endowments
1.Harvard ($35.7 billion) 2.Yale ($25.4 billion) 3.Stanford ($22.4 billion) 4.Princeton ($21.7 billion) 5.MIT ($13.2 billion) 6.Penn ($10.7 billion) 7.Texas A&M-College Station ($9.9billion) 8.UMich ($9.6 billion) 9.Columbia ($9 billion) 10.Notre Dame ($8.7 billion) |
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So why do those schools even charge tuition?
OMG so much money. |
The only ones that can realistically do that are HYPS. Even places like Penn and Columbia (maybe even MIT too) would strain their budgets a lot if they eliminated tuition. |
| It's pretty amazing how huge Princeton's endowment is when you consider how few students attend compared to places like Penn and Columbia. |
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Isn't endowment per student more telling? A&M may have a lot of money, but that's distributed along a student population of nearly 150,000 students.
Here's one source: https://www.collegeraptor.com/college-rankings/details/EndowmentPerStudent 1. Princeton 2. Soka 3. Yale 4. Harvard 5. Stanford 6. Pomona 7. MIT 8. Amherst 9. Swarthmore 10. Grinnell Just national universities: PYHSM, Caltech, Dartmouth, Rice, Notre Dame, WashU |
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This can't be right. The University of Texas' endowment is around $25 billion. It has gone back and forth between 2 & 3, depending on oil prices.
https://thebestschools.org/features/richest-universities-endowments-generosity-research/ https://www.bizjournals.com/austin/blog/at-the-watercooler/2015/01/wellendowed-ut-fund-trails-only-harvard-in.html |
This is the endowment of the whole University of Texas System, which consists of multiple universities. So it doesn't make sense to compare the total $25 figure with other individual universities. |
Endowment per student is important but total endowment size is also important. Schools with big endowment funds are able to afford major projects and capital investments that schools with smaller funds cannot, even if they have bigger endowment/student. |
Michigan has multiple campuses, as does Texas A&M. Most other lists I have seen have included Texas. The original endowment was for the flagship campus. They opened the other campuses when the endowment got so big and they wanted to spread the wealth around. I think the article was written by some Yalie annoyed that they were passed by a state university (and a southern one, at that!). |
| Primceton’s huge endowment makes it even less obvious why they take so many legacy/athlete kids, per that other thread. |
Alum pressure |
| Yep, Princeton has the highest alumni giving rate of any top university in the country |
The 9.7 billion figure for Michigan is just for the Ann Arbor campus, not for the entire University of Michigan system. Obviously the non-flagship schools have much smaller endowments. For example, the Flint campus has an endowment of $96 million. |
They are essentially different universities within the system, not simply different campuses of the same entity. It makes much more sense to include the individual university endowment rather than the system-wide figure. |
Not to belabor the point, but Texas A&M's system is analogous to Texas': Universities Texas A&M University Prairie View A&M University Tarleton State University Texas A&M International University Texas A&M University-Corpus Christi Texas A&M University-Kingsville West Texas A&M University Texas A&M University-Commerce Texas A&M University-Texarkana Texas A&M University-Central Texas Texas A&M University-San Antonio Michigan has UM-Flint, UM-Dearborn, and UM-Detroit. Don't see the difference. |