Reply to Middlebury Suffering with larger class sizes and enrollment

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sounds about right. They need the money, bad.[/quote]

Ah, the Middlebury troll is back.

[b]Middlebury has zero financial problems[/b], has never had any and likely never will. [b]They are in the top 50 or so schools in the country in terms of endowment[/b] (larger than U Miami for example) [b]with more resources per student than schools such as[/b] Cornell, Brown, [b]Northwestern[/b], Chicago.

Middlebury has had a small nagging deficit for awhile because Laurie Patton preferred to just ignore it. Baucomb quickly made the right decision on MIIS and I suspect that it will quickly disappear. Even if it didn't the actual budget effect is small kind of like their $1.6B endowment functioning more like a $1.4B endowment. Middlebury also draws conservatively from their endowment, taking a full point less  (4.5-5.0%) than peer schools like Colby for example.[/quote]

Interesting post, but are you sure that Middlebury College has a larger EPS (endowment per student) than Northwestern University ?

My figures are from the NACUBO report on endowments published in 2023; it shows Northwestern with the 31st highest EPS and Middlebury farther down the list at #60. Do you have more recent figures ? TIA

https://insidehighered.com/opinion/columns/learning-innovation/2023/09/08/endowments-full-time-equivalent-student

Many schools want to avoid the endowment tax so, if I recall correctly, it is good from this perspective to be below $500,000 per full-time student endowment.[/quote]

I do, it depends on the year and the accounting method. The report doesn't jive with Middlebury's own reports or other reports which pegs Northwestern's endowment at about 532K per student. The real take away is that they are all very wealthy schools and the $8M deficit (it grew the one year to about $14 coming out of Covid and with ongoing MIIS issues being over $8M of it) is a non event in Middlebury finances except for the fact that it creates conversations like this inane thread. There is no financial crisis except in the mind of the troll who has an abnormal obsession with Middlebury.[/quote]
This is 100% true if you ignore the truth and ignore the drain that’s happening to campus life due to change in finances! I get that you don’t like facing uncomfortable truths, but I really don’t see how you can think the deficit doesn’t matter when there are real financial issues that are witnessed and continue to cause issues for student programs and academic departments.[/quote]

You are just sounding silly now. Should they increase their endowment withdrawal a half point and erase the deficit? (after all they drew down by less than 4.5% in 2024). Or, maybe increase it to 5.5% like Colby and spend even more money? Or, maybe we keep things where they are subtract the money and look at things like a $1.3B endowment school instead of $1.6B. So are you saying that Villanova, Pepperdine, Brandeis, CMC, etc. are unable to effectively support their students and stay financially stable? Could yo comment on the fact that their credit rating is higher than CalTech, Mudd, Baylor, Georgetown, Tufts....the list goes on and on because it is prisitne. YOu can't address any of this because you are living in a little world of your imagination where the school which rejected you is failing. But it isn't failing, you are.[/quote]

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