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[quote=Anonymous][quote]NP. Wait, you're not really suggesting that the endowments of Harvard & MIT were built on the tuition they charge students, are you? If so, I think you might want to check your assumptions.[/quote]

You're damn correct!  Those paying full tuition with added inducement from contributions and donations from their parents and trust funds further greasing the admission process are likely to want their children and grandchildren to follow in their footsteps with further annual gifts and 5-year reunion contributions.  Have you heard of the concept of legacy?  Many of these exclusive private universities (think Ivy and SLAC) are made up of 10 to 20 % legacy students ... even today in this age of diversity and inclusion.  Just imagine the legacy proportions in 1900s and 1950s in the era of wonton and blazon discrimination.  Can you guess how many Bushes attended Yale over the last 4 generations?  You can count on one hand, with the mid-finger amputated, the schools those on the New York and Boston social registers attended over the last 2 centuries!!  Those tuition paying customers did build those endowments.

Your naivete betrays the fact you have never attended schools like Harvard or have acquaintances in those circles.  [/quote]

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