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Reply to "How Princeton is Getting Around the Endowment Tax"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Seems like a win for everyone! [/quote] Seems like it makes the endowment tax arbitrary stupid nonsense. Don't tax Princeton but tax MIT. Don't text Amherst or NYU but tax Notre Dame. This whole thing just seems pointless.[/quote] Heavily disagree. Liberal arts colleges aren't exactly hoarding cash anywhere close to the research universities, and they really extensively off of endowment withdraws to continue operating. LACs dominate best schools for financial aid. Now onto why MIT but not Princeton. Princeton is choosing to give a substantial amount of aid, which means more American families will be able to attend. This is an accountability tax that seems to have worked very successfully.[/quote] MIT is as generous as anyone when it comes to aid.[/quote]
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