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Reply to "Doing a mini-CTCL tour - thoughts on these?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is the meaning of the size of the endowment for students? I am new to this.[/quote] It's how much endowment money there is per student. For instance, Georgetown has an endowment over a billion but around 100,000 per student, whereas Williams also has an endowment over a billion and has a 1,000,000 in endowment per student. [b]Assuming a school spends 5% of their endowment a year[/b] Williams is spending 50,000 per student vs. 5,000 a student for Georgetown. It really shows what schools have resources besides tuition money. Here's a helpful link, though it only shows private schools: https://www.collegeraptor.com/college-rankings/details/EndowmentPerStudent[/quote] NP -- an addendum to clarify further. Any 501c3 (which virtually all colleges and universities are) are required to spend a minimu of 5% of their endowment each year on mission related activities. There are no reqirements where that fundong needs to go and it can change each year. So schools with higher endowments tend to have nicer facilities, updated dorms, support for more off campus experiences -- such as subsidized student research opportunities. You can find rankings of universities by endowment per student is you want to evaluate that way. But money isn't everything. DC really liked Beloit and was offered a significant merit scholarship. When we visited, you could see a difference in the campus compared to some of the more well-endowed schools -- less updated dorms, a more dated student union -- but that didn't both them, and the 2 classes they sat in on were led by engaging and thoughtful faculty. [/quote] I am glad to read of your positive experience visiting Beloit. My DC graduated (also received a significant merit scholarship making it the same price as in-state tuition in VA) from there not quite 2 years ago and I cannot say enough good things about the academics and close relationships with professors, which in turn led to many outside the classroom opportunities, such as independent research and presentations of same at national conventions (much of which Beloit did subsidize). DC and several of her professors have stayed in touch and they continue to provide encouragement for career and grad school. The classes we attended on parent weekends were full of inquisitive and engaged students and all of DCs friends have gone on to work or continue studying in their fields. When DC was deciding between Beloit and a big research university, she met with Beloit graduates who were pursuing PhD's at the university in the field DC was interested in. They have also stayed in touch and been mentors. And DC's friends who wanted similar experiences from Beloit had/has them. Yes, Beloit is experiencing some financial issues but they have also taken difficult steps necessary to deal with them. Some of the dorms and other facilities, like the existing student union, are not state of the art, ridiculously posh IMO facilities that you may find at other colleges. But Beloit is building a great new student union/athletic facilities that has received national awards, paid for 100% by donations, and the science center is new and fabulous. If living in older, cinder block dorms and eating in a rather dull looking cafeteria is not your kid's idea of college, look elsewhere. But if your student wants to go to college to be truly engaged in their studies and really know their professors/have their professors really know them, I highly recommend Beloit. I have two other DCs currently in college, one at UVA and the other at a top 20 SLAC, and hands down do I think my DC who attended Beloit had a better, more personal academic experience. [/quote]
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