Cornell, MIT Scale Back Aid Even as Endowments Rise

[hfojvt]

8. perhaps even more puzzling for a STATE University

my alma mater University of Minnesota, with over $2 billion in its endowment.

http://en.wikipedia.org/wiki/List_of_colleges_and_universities_in_the_United_States_by_endowment

And that is astounding, that the University of Michigan, for example, has an endowment of $157,000 PER STUDENT.

Well, I tried Dartmouth at random and stumbled upon this

"Dartmouth board members are accused of enriching own firms"

http://www.pionline.com/article/20120528/PRINTSUB/305289979

But also this

"Dartmouth endowment yields 18.4% in fiscal 2011."

http://now.dartmouth.edu/2011/09/dartmouth-endowment-yields-18-4-return-in-fiscal-2011/

Cee-ripes. I'd love to have even a 9.2% return on MY investments. If they are enriching their own firms, they are not doing too bad for the endowment either.

But they say THIS about their endowment.

"The Dartmouth endowment funds approximately 20 percent of the College’s annual operating budget. Programs supported by the endowment include Dartmouth’s need-blind financial aid and academic, research, athletic, recreational, and cultural programs."

But when they say 20% do they include the money spent on financial aid? I mean, 18% of their $3 billion endowment is $540 million which is $110,500 per student. Given that amount of money, I sorta wonder why they have to charge tuition.

I'd love to see more numbers. What do students spend? What does the University spend, and where do they spend it? What about other revenues?