US colleges/universities have billions stashed away in thousands of funds

[scruffy]

Apparently US universities are rich beyond belief.

Harvard has over 50 billion held in about 15,000 separate funds.

US colleges and universities have billions stashed away in endowments − a higher ed finance expert explains what they are

Donor-imposed restrictions keep colleges and universities from freely determining how and when to spend a large share of their endowment funds.

theconversation.com

 

[Calypso Jones]

all of it from US Taxpayers i'll bet.

 

[The Irish Ram]

Apparently US universities are rich beyond belief.

Harvard has over 50 billion held in about 15,000 separate funds.

US colleges and universities have billions stashed away in endowments − a higher ed finance expert explains what they are

Donor-imposed restrictions keep colleges and universities from freely determining how and when to spend a large share of their endowment funds.

theconversation.com

Obama told them they could hike their prices with impunity, and told them not to worry about a drop in students because he would give them all the money they needed to go to school. And he would use the loan payments to shore up Obamacare. The result is a generation that didn't end up with those high paying jobs they were promised so they could pay their loans quickly. They will be indebted to those loans and all the interest for most of their future, for a degree that wasn't worth the money.

 

[gtopa1]

Looks like Harvard will have to start eating into its reserves.

The gravy train is OVER!!!!!

Greg

 

[Doc7505]

Looks like Harvard will have to start eating into its reserves.

The gravy train is OVER!!!!!

Greg

~~~~~~
Indeed, so will Yale, Columbia, Columbia and a slew of Blue State Universities like NYU.