Reply to NY Times editorial: "Universities Like Yale Need a Reckoning"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]"Endowment hording" is leveled at universities so wealthy they can't be punished or controlled by the public purse strings.

I agree to some degree with other bullet points. But the people who want to knock these schools off of their high horse's should drop the sour grapes arguments. [/quote]

Is there a proposed solution to endowment hoarding? Big endowments will be confiscated and distributed to all other colleges in the name of equity?[/quote]

I think this point is less about schools with larger vs smaller/no endowments and more that schools with substantial endowments should have higher withdrawal rates and use the money productively to address the identified problems (admit more students, reach people outside of the university, etc).[/quote]

If they admit more students they cannot keep the overwhelmingly small seminar-style classes. It is a much different experience to learn in an environment where you get to know peers and the professors.
Elite is elite for a reason, the huge endowments keep it functioning as a high-opportunity learning experience, and many of us are quite content to pay the full price. These schools happen to be the most generous with need based aid: they are doing far more than state schools to get net costs down for true middle class families: most who make in the low $100k range pay ZERO at these elite schools, yet would pay $10-15k for their in state public. [/quote]

I mostly agree with you yet those paying zero are a very small number compared to the overall number of college students. In other words, most of us don’t care and don’t benefit.

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