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by indoordin0saur
408 days ago
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Or just use the endowment directly. Quick napkin math says that Harvard could make tuition free for all undergrads for 26 years with what they current have. Originally this money was meant to be spent on education but they just let it grow forever. Some of their hedge fund managers are approaching 8-figure annual compensation packages and I can't help but assume this is part of what has corrupted the university. Citadel LLC has $65 billion AUM, while Harvard has $53 billion while getting special tax-exemptions. |
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