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[quote=Anonymous][quote=Anonymous]
Does the fact that Harvard, Yale, Stanford, etc. spend 70% more on management fees for their endowments than on total financial aid factor into this debate at all?

http://www.motherjones.com/mojo/2015/08/universities-pay-investment-managers-scholarships-yale-harvard

Here is a quote from the article:

A New York Times op-ed published Wednesday by Victor Fleischer, a law professor at the University of San Diego, lays out this disparity. Fleischer cited Yale University, which paid its fund managers nearly $743 million in 2014 but gave out just $170 million in scholarships. He also noted that many universities, large and small, public and private, show the same imbalance in spending. "We've lost sight of the idea that students, not fund managers, should be the primary beneficiaries of a university's endowment," he writes. "The private-equity folks get cash; students take out loans."

Fleischer provided Mother Jones with more of his data, which is gleaned from tax forms, financial statements, and annual reports. Here's how the numbers shake out at Harvard, Yale, Stanford, and Princeton. On average, these four wealthy, elite universities spend 70 percent more on managing their investment portfolios than they do on tuition assistance. (Complete scholarship data for 2014 was not available, and some investment management fees are estimated

If Harvard made tuition free, Stanford would have to follow suit.  And then Yale.  And then Princeton.  I think that would put pressure all down the line to increase financial assistance.[/quote]

Thanks for posting, PP. This proves these institutions are not non-profit at all, should more proof be needed.

I hope Harvard goes to free tuition. I doubt it will happen, but I can dream. [/quote]

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