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by godelski
1388 days ago
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Most of the overhead goes towards admins. But it is also important to remember that many universities have multi-billion dollar endowments. It's been explained to me that "I don't know what endowments are for" when I've pointed out that my (not top 10) university could indefinitely pay for all US student tuition (and 90% of foreign) on the interest of our endowment at a 5% yearly growth. So I'm still not sure what endowments are for considering that there are 15 schools with endowments that are over 1m/student. So yeah, I still have no idea what endowments are for. https://www.collegeraptor.com/college-rankings/details/Endow... |
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