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Reply to "Syracuse University issues financial warning as admissions slump: We’re in the red"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They have a $2.2 billion endowment. Let them eat it. [/quote] Do you know how endowments work? [/quote] They obviously do not. Most people are pretty uninformed when it comes to endowment mechanics and just see a big pile of money.[/quote] It is a big pile of money. There is no reason for these schools to hang on to that level of wealth when they are cutting programs left and right and expecting UMC families to fork over $400,000 for a bachelors degree for each child.[/quote] There are restrictions on how the vast majority can be spent. Money given to support sports, or infrastructure for example cannot be used for financial aid.[/quote]
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