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College and University Discussion
Reply to "Brown eliminates tuition for families up to $125K and removes home equity in the FA equation"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Brown has an endowment bigger than some countries at $4.7 billion. They can afford it.[/quote] It's still only #20 and the lowest in the ivy league. Harder for them to do than others. And as we all know, endowment /=cash for any purpose you choose. Institution State Endowment according to NACUBO (billions USD (2019) Harvard University Massachusetts $40.58 Yale University Connecticut $31.20 Stanford University California $28.90 Princeton University New Jersey $26.56 University of Pennsylvania Pennsylvania $20.50 Massachusetts Institute of Technology Massachusetts $18.38 Washington University in St. Louis Missouri $15.30 University of Notre Dame Indiana $11.96 Columbia University New York $11.26 Northwestern University Illinois $10.93 Duke University North Carolina $8.47 University of Chicago Illinois $8.20 Emory University Georgia $7.94 Cornell University New York $7.22 Vanderbilt University Tennessee $6.92 Johns Hopkins University Maryland $6.75 Rice University Texas $6.16 Dartmouth College New Hampshire $5.98 University of Southern California California $5.91 Brown University Rhode Island $4.38[/quote] Okay...and? The U.S. has both the most expensive universities in the world (by far) and coincidentally - the ones with the largest endowments (by far). Yay us. So glad I'm done with that nonsense.[/quote] "Okay...and?" That's the best response you have got? The US is the most desirable higher education system in the world overall, spends the most per student, and receives much less from government than other countries, which continues to decrease: https://www.usnews.com/news/national-news/articles/2017-09-18/while-rest-of-the-world-invests-more-in-education-the-us-spends-less So, what do you want? Higher taxes and more government support? (I do). Spend less per student and decrease quality? (I don't). Or some magical event where cost goes down but none of those other things happen? [/quote]
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