Reply to what is the point of college endowments?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Yale spends 145k a year per student.

Yale charges 95k a year per student.[/b]

Half the students pay less, many a lot less.

The endowment makes it all work. The monies can be restricted but some pays for salaries, some pays for labs, some pays for facilities, some pays for FA, etc etc. They can pull 3-4% out a year, bridge the budget gap, and still grow the overall endowment. [/quote]

Unfortunately, Yale spends an inappropriately large amount of money on administration & administrators. Excessive spending in administrative areas should be curtailed as it is repetitive and unnecessary.[/quote]

I think Yale is doing just fine. It’s a private not for profit. The feds spend nothing on it. And Yale pays pilot (local taxes) to New Haven.

The federal money goes to pay grants they approve for research so we things like cell service, the Internet, and a MNRA vaccine. That’s what they’re pulling. Admin costs at Yale are none of their business. [/quote]

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