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Thread: College Endowments & Student Debt -- Shame Shame Shame

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    Thumbs up College Endowments & Student Debt -- Shame Shame Shame

    When I graduated from law school, I was up over my Pelosi in debt. We paid $16,000 for a house in the ghetto of Cleveland (until we were robbed) and pounded the debt. It was a different time and my generation was, by and large, different. My daughters tell me their friends are graduating with 200k in debt (pharmacy school).

    These colleges have massive endowments and can well afford to let these kids pay less. Harvard has an endowment valued at $1.5 MILLION per kid. They won't b/c federal loan money is so readily available. That bubble is going to hit soon.

    College 2017 Endowment Value % Change in Market Value Value per Student
    Harvard University $36.022B 4.3 $1,522,104
    Yale University $27.176B 7 $2,191,268
    U of Texas System $26.535B 9.60 $147,675
    Stanford University $24.785B 10.70 $1,541,160
    Princeton University $23.812B 7.5 $2,951,077
    MIT $14.968B 11.4 $1,315,751
    Penn $12.213B 14 $541,389
    Texas A&M System $11.556B 9.60 $97,189
    University of *ichigan $10.936B 12.20 $197,056


    http://time.com/money/5116456/colleg...-returns-2017/




    image008.jpg


    Student-Loan-Debt-Bubble.jpg
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    Personally, I think there's a correlation between the availability of money and the rise in tuition:

    average-cost-of-tuition-and-fees-e1497032358292.jpg
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    MisterVeritis's Avatar Senior Member
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    The answer is very simple. We need a wall of separation between the government and education.
    Call your state legislators and insist they approve the Article V convention of States to propose amendments.

  4. The Following 2 Users Say Thank You to MisterVeritis For This Useful Post:

    DGUtley (07-07-2018),Helena (07-07-2018)

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    Two things you don't need in this world Education and Insurance.

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    "Don't piss down my back and tell me it's raining"----Fletcher in The Outlaw Josey Wales

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