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College and University Discussion
Reply to "University of California looking to reduce out of state students (LA Times today front page story)"
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[quote=Anonymous][quote=Anonymous][b]OOS students subsidize in-state students.[/b] They pay more than cost. If that is lost, they'd have to make it up somewhere or cut something, and they hate to cut anything. [b]Endowments are misunderstood. They are usually 80+% restricted to purpose by donors for specific purposes [/b](e.g. the law school) that often don't have anything to do with undergraduate finances or students. Huge chunks chunks can belong to just one component, like the medical program. In the case of UVA and UM, nearly a third of the endowment is there and they do not have a single undergraduate there.[/quote] That bolded part should be stuck to the top of the forum. How many times do people reference the endowment in conversations about college as if it's a liquid fund that can be spent at will? [/quote]
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