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College and University Discussion
Reply to "Legacy Admit is racist"
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[quote=Anonymous][quote=Anonymous]Legacy gets you the leg up if you are full pay and ED. That's how the top schools maintain their tuition revenue base.[/quote] Some of these schools have such a large endowment that they could let every student in their school go for free for 10 years. These are supposed to be nonprofits, about education, but it's just a money making scheme for the rich people. https://www.forbes.com/sites/adamandrzejewski/2021/10/31/ballooning-ivy-league-endowment-forecasted-to-top-1-trillion-by-2048/?sh=5545c60c3a37 [quote]Our auditors at OpenTheBooks.com forecast that the collective endowment of the Ivy League could surpass $1 trillion by 2048. This buildup of wealth for supposedly charitable educational purposes will trigger a host of public policy, legislative, and legal arguments. For example, Harvard alone could have $300 billion, or nearly $60 million per undergraduate student in endowment assets, by 2048.[/quote][/quote]
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