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Reply to "s/o of SSFS closing"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is always a good idea to check the 990 forms for the schools you are considering. Not all schools have them because many get a religious exemption. My two favorite data points endowment and financial aid numbers. How is the endowment fund total trend? [b]I think endowments are what help schools weather ups and downs. [/b] I also like to look at the financial aid total divided by the listed number of recipients. A healthy school will have about 1/4 of the student body receiving an average of 50% aid. Some schools might be able to swing more, especially those with large endowments. [/quote] That isn't how endowments work. Most of the funds in endowments ar earmarked for very specific programs or uses.[/quote] That’s not true - a large endowment 100% provides a cushion in hard times - we’ve seen this in action[/quote] Your comment is not true. Depending on how the endowment is structured it might not be able to be used for operations, scholarships, programming etc. Some endowments are unrestricted use, but many have been restricted in their use and can't be modified. [/quote]
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