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College and University Discussion
Reply to "Why is Pomona so special?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] Princeton doesn't have professional schools, like Harvard and Yale, if that is what you mean. Undergraduates are the primary focus of the university and it probably does a better job than any school in America of providing an intensive small LAC environment with the resources of a large research university. The professors do not drag their feet. The accessibility to Philly is less relevant than the accessibility to NYC. Princeton is the gold standard for undergraduate education in America. Endowment per capita is extremely important because endowment distributions are what fund about half the budget of these schools. The larger the endowment, the more money gets spent on students. Princeton's endowment per capita dwarfs all others. [/quote] But schools are not spending on a per student basis for most endowment expenditures beyond aid, especially once you reach different levels of scale. The metric has meaning but I'd still take Harvard's endowment! Princeton isn't within 3 of Harvard or Stanford in any of the larger scale university rankings: https://www.phdportal.com/ranking-country/82/united-states.html Their graduate schools are good but not on the same level plus they have no professional schools. My partner and I would choose to spend another 6 years in Palo Alto doing it all over again. Princeton does have the most impressive set of eating clubs! [/quote] You misunderstand how endowments work. Schools distribute 4-5 percent of the endowment value every year into the operating budget of the school. It all gets mixed together with tuition and other revenue. So the larger the endowment and the smaller the student body, the more money is being allocated from the endowment to each student. Princeton is literally kicking off over a billion dollars every year to serve its midsized student population. Many good schools not so much smaller than Princeton have endowments that are less than what Princeton just spends from its endowment annually. It’s actually pretty nuts at this point[/quote]
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