Timeline for Why do American universities cost so much?
Current License: CC BY-SA 4.0
13 events
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| Dec 10, 2022 at 1:21 | comment | added | Eugene | @Chan-HoSuh it doesn't matter how well the fund is doing in a particular year, the point was about the multi-year average. Also, are you trying to say that the donations, grants and royalties are part of the fund(s) somehow? | |
| Dec 10, 2022 at 0:02 | comment | added | Chan-Ho Suh | "And Princeton still gets grants, donations and royalties." -- the endowment is actually a conglomeration of funds, many with different strings attached. | |
| Dec 10, 2022 at 0:00 | comment | added | Chan-Ho Suh | "The point is that they could charge zero tuition and still be AOK." -- only in Gladwell's imaginary scenario, but sure. Point taken, I guess. "My point is that the high fees at the Ivy's are for status more than real need." -- I don't think you have any evidence for that. | |
| Dec 9, 2022 at 23:59 | comment | added | Chan-Ho Suh | Hmm, you don't seem to get my point. Yes, if everything plays out the way Gladwell imagines, then things are good. If they don't, then his perpetual motion machine doesn't. Like I pointed out, they're negative so far this year. | |
| Dec 9, 2022 at 23:41 | comment | added | Eugene | @Chan-HoSuh Literally the next paragraph: "But, man—look at that triumphant spike in 2021! Even if Princeton were now to fall way back down to the average investment return it’s raked in over the past 20 years, we'd still be high above the blue line." Note that he uses 10% instead of the actual 11.5% avg for margin. And Princeton still gets grants, donations and royalties. The point is that they could charge zero tuition and still be AOK. My point is that the high fees at the Ivy's are for status more than real need. | |
| Dec 9, 2022 at 23:23 | comment | added | Chan-Ho Suh | Basically after a phenomenal year (2021), the endowment was large enough so that by Gladwell's own very subject investment criterion for sufficiency and a very suspect 10% projection, Princeton "could let in every student for free". It only takes one bad year to flip that around as any investment professional (which Gladwell is not) can tell you. | |
| Dec 9, 2022 at 23:20 | comment | added | Chan-Ho Suh | @Eugene yes, I understand. But until just recently, their performance was not sufficient (by Gladwell's standard) to entirely fund operating expenses: "Until this year, the endowment return was a healthy cushion—ALMOST big enough each year to fund the entire university's operations for the following year—but not quite" | |
| Dec 9, 2022 at 13:38 | comment | added | Eugene | @Chan-HoSuh the figure is the average for the last 20 years, not a few years of over performance. | |
| Dec 9, 2022 at 4:19 | comment | added | Chan-Ho Suh | They were down 1.5% last fiscal year. Malcolm Gladwell is making very strong conclusions from just a few years of outperformance, and your conclusion from his arguments is a tad strange. | |
| S Dec 9, 2022 at 0:40 | history | suggested | bta | CC BY-SA 4.0 |
Reformatted quoted section as a block quote instead of a code block
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| Dec 8, 2022 at 23:59 | review | Suggested edits | |||
| S Dec 9, 2022 at 0:40 | |||||
| Dec 8, 2022 at 19:12 | comment | added | Bryan Krause♦ | cnbc.com/2019/05/03/… reports that when Princeton's tuition was $73k a year, 60% of students qualified for financial aid and those students paid an average of $13600 for tuition, room, and board. "Princeton covers full tuition and some of room and board costs for students from families earning up to $140,000, and covers all of tuition for students from families making between $140,000 and $160,000." So, the sticker price and what wealthier students pay is not necessarily representative. | |
| Dec 8, 2022 at 16:09 | history | answered | Eugene | CC BY-SA 4.0 |