Comment by vasco

Comment by vasco 3 days ago

3 replies

> have created financial crises at most universities

Those multi-billion dollar endowments are fine man, don't worry about them, they're not running out.

jswelker 3 days ago

I'm not talking about Ivy schools. I mean regional state and private schools that educate the majority of people who attend college. These do not have multi billion dollar endowments unless you are summing them all up.

immibis 3 days ago

At 4% a billion dollars yields 40 million per year, if you have 1000 staff that's 40k each, barely pays a salary.

  • vasco 9 hours ago

    Yeah and if you had 100k staff it's a pittance!