Anonymous wrote:Heh, no, it’s practically the same percentage of internationals at 5% (UVA) and 5.4% (UNC). UVA does have the bigger endowment and those 33% enrolled OOS dollars help out.
UVA's endowment is about twice the size of UNC, about $7B to $3.7B according to NACUBO, which is what is used on Wikipedia for 2019. There are links that show UVA with a larger endowment, but I suspect that includes quasi-endowments that NACUBO does not include. This is apples to apples. I've worked some in this area and you would really have to take into account which school at the university owns the endowment. It could belong to the medical school, law school, graduate business school, athletics, etc. Payout from it won't directly touch any undergraduates. The payout from endowment is only about 5% per year, so although the numbers sound big, there are lots of students to support. (Both of these endowments are probably currently taking a hit.) At UVA, 5% of $7B would come to about $14,200 per year per student. It is probably more weighted to grad students (particularly medical associated functions), but we'll just go with that amount. At UNC, it would come to about $5,800 per year per student with the same caveats as above on who really "owns" it. So the difference is perhaps $8,400 per student per year.
UNC gets considerably more per student than UVA from the state. I'm not going to look for a current number, but there difference back in 2012 was $9,445 per in-state student at UVA to $23,792 at UNC.
https://news.virginia.edu/content/sullivan-lays-out-universitys-budget-dilemmas . Difference there is $14K in favor of UNC. So UNC actually has a net advantage for these two sources of funds of about $6K per year. UNC uses its state bounty to charge lower tuition and fees that UVA, both for in-state and out. So that probably evens it back out again for total revenue, but explains why UNC is $10K less in this case.
UNC has significantly higher revenues from sponsored research, about $1.1B per year to about $470M per year. That is a big difference. I don't think this should factor in though because in my view this has little benefit for undergraduates. From what I've seen of university finances, a substantial amount of this funding (the universities typically have to come up with about 30% of total cost) may in fact come from undergraduates. The universities don't want you to know this.
I don't think there is that much difference between these schools. I think OP should just pick the one that seems like best fit and is affordable.