Cornell, MIT Scale Back Aid Even as Endowments Rise

[hfojvt]

5. so Cornell is Ivy League

I did not know that. I considered going there way back in 1979. Had a meeting to talk about financial aid/scholarships, but that and Northwestern was one of the meetings I missed when our camper got knocked over by a t-storm in Minnesota.

Anyway, I think these big piles of money are interesting. I wonder what the total wealth is that is tied up in all these foundations and endowments.

"Harvard’s endowment was valued at $31.7 billion as of June 2011. Yale’s was $19.4 billion, and Stanford’s fund was $16.5 billion as of August 2011."

There's $67.6 billion from just three schools. I guess not THAT much wealth, but that is only three out of many, many such foundations.


Also, this is surprising "The average debt of MIT undergraduates in the class of 2012 was $20,794 and 41 percent of students borrowed, Hicks said."

That does not seem like very much debt for going to MIT. I think my niece has more than that from her first two years at Missouri-Springfield. Two years that she could have gotten for free at another school that she didn't want to go to.