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Reply to "Carnegie Mellon and Georgetown - why so low endowments?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Georgetown's relatively small endowment has been a problem for a long while. When I was in college (early 90s) my senior year there was not enough financial aid to go around. Seniors were told they could go to their flagship state university and still graduate from Georgetown. At the last minute, [b]there was some deal where funds were found at the law school and loaned to the undergrad operations so that financial aid could be provided to senior[/b]s . . . I'd always heard that the reason for the relatively small endowment (relative to the prestige of the school and success of its grads) was because it's a Catholic institution and people feel like when they give to the church, they're "covered" or something like this (even though the Catholic church does not financially support Georgetown U.)[/quote] I went to the law school in the late 90s and it just felt like we were just there to be the cash cow for the rest of the university. We were at this sad ugly campus in a not-great neighborhood and it did not feel part of the campus community at all. The tuition felt outrageous and it was very law-school-factory feeling due to the high number of law students. I've never given them a dime FWIW.[/quote] If you want to talk about a GU cash cow, you should look at the School of Continuing Studies. It is shameful some of the SCS programs that have been created over the last few years. Tuition is very expensive and I have trouble believing that most of these programs will lead to meaningful employment opportunities.[/quote] Many colleges have extension schools now that offer stuff like "Master's of Professional Studies in ____." These are usually extension programs that are designed to trade on the regular school's name by selling expensive degrees from "prestigious" colleges to people who don't know better.[/quote]
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