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Those Harvard Guys Are Well Endowed.
By Max | April 9, 2007
I just read that Harvard’s endowment is exceeding $29 billion these days. Thats an incredible amount of money. I don’t really have any experience that could allow me to wrap my brain around just how much money that is.
Because I was curious I looked up the enrollment at Harvard. The University has about 19,000 undergrad and grad students. Harvard estimates that it costs a student $45,000 to attend for a year. Interesting… Thats only $855 million for all the students at Harvard to attend for a year which is less than three percent of the total endowment.
Harvard has averaged an incredible 20% return for the last couple decades by investing its endowment shrewdly. Why does it cost students anything to attend the university? I think its kind of silly to ask people who may have to take on loans for an education they could not otherwise afford when Harvard could easily pay the tuition costs of education all by themselves. Even if they only averaged a 10% return each year, they could pay for tuition and still do better than keep pace with inflation.
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April 9th, 2007 at 8:05 pm
I am sure you can get in, why don’t you apply and find out how much it really costs for you to attend?
April 9th, 2007 at 9:20 pm
Once its free, I am there.
Penn State has a $1.4 billion endowment.
April 10th, 2007 at 7:55 pm
How much of PSU’s goes to the football team?
April 11th, 2007 at 9:14 am
Just to put this into perspective, Microsoft has a smaller cash stockpile weighing in at $26 billion than Harvard. A few years ago Microsoft had more cash on hand than any other company. Now I believe they are second.
April 18th, 2007 at 11:02 pm
45 G’S for a pieceof paper and 4 years of your life you will never get back. Apollo College anyone?