Wealthy Princeton University Could Offer Free Tuition
4th October 2022
Princeton University’s endowment totaled $37.7 billion in 2021 — $4.5 million per student. The school’s entire annual operating expense was $1.86 billion, less than 5% of the value of the endowment.
The Ivy League university is apparently so rich that it can operate with no outside financial support, according to a claim made by author Malcolm Gladwell in a recent newsletter, and disputed by Harvard economics professor John Campbell in a letter to The Browser, Axios reported.
The university is capable of funding itself in perpetuity, even without research grants or tuition income. The endowment will probably decline in value in 2022, but over the long term, it’s reasonable to expect the endowment to continue to grow more quickly than the university’s expenses, Axios said.
It’ll never happen, of course. The logic behind outrageous tuition costs is so that you can, by offering ‘financial aid’ to Politically Correct groups, you can adjust your student body to reflect Wokeness without actually (legally) discriminating.