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Re:Harvard Quietly Amasses California Vineyards and the Wate... by marnett on Tuesday December 11, 2018 @04:32PM (#18659114)
Financially it also means they have strict quotas on the required wealth of a specific portion of the incoming class, no? They must have a certain number of the incoming freshman class be from families making more than $150,000 a year in order to be solvent.
Re:Harvard Quietly Amasses California Vineyards and the Wate... by runako on Tuesday December 11, 2018 @04:39PM (#18659169)
Like many rich schools, Harvard has had a need-blind admissions policy for decades. This means admissions decisions are decoupled from decisions about who can pay, basically guaranteeing the opposite of your supposition.

Harvard's endowment is ~$40 billion right now. They're solvent.

Re:Harvard Quietly Amasses California Vineyards and the Wate... by hopler on Tuesday December 11, 2018 @04:43PM (#18659198)
They have need blind admissions but they have legacy-aware admissions. It's a happy accident that alumni happen to be wealthy.

So in reality it's not need blind.

Re:Harvard Quietly Amasses California Vineyards and the Wate... by jessriedel on Tuesday December 11, 2018 @04:46PM (#18659229)
Not just legacy-aware, they grant admission in exchange for large donations.

https://www.thecrimson.com/article/2018/10/18/day-three-harv...

Re:Harvard Quietly Amasses California Vineyards and the Wate... by joejerryronnie on Tuesday December 11, 2018 @10:11PM (#18661072)
It’s amazing how a donated building can help the “need blind” admission officers see the light.
Re:Harvard Quietly Amasses California Vineyards and the Wate... by whitexn--g28h on Wednesday December 12, 2018 @09:07AM (#18663974)
In this specific case of making a donation large enough to build classroom space / hire professors , the person is increasing the teaching capacity of the school by more than 1, allowing them to attend in exchange helps everyone.
Re:Harvard Quietly Amasses California Vineyards and the Wate... by jessriedel on Wednesday December 12, 2018 @11:03AM (#18664987)
Harvard's undergraduate size is absolutely not limited by funding.
Re:Harvard Quietly Amasses California Vineyards and the Wate... by xxpor on Tuesday December 11, 2018 @04:45PM (#18659216)
Need blind (probably) works the opposite way people think it does. Instead of putting a quota on low income applicants, it means that the only people who meet the standards are high income students whose parents have the cash for all of the extra curricular activities and tutors etc. My alma mater just moved to a system where they consider income, so they could do affirmative action based on income.
Re:Harvard Quietly Amasses California Vineyards and the Wate... by jnbiche on Tuesday December 11, 2018 @06:53PM (#18660132)
What university is that? It's a good policy, much better than controversial race-based admissions, but still promoting increased admissions among both minorities and poor white students.
Re:Harvard Quietly Amasses California Vineyards and the Wate... by hirsin on Wednesday December 12, 2018 @02:16AM (#18661975)
Case Western did this, or was considering it. There was backlash from the alumni though - from appearances and description it sounded like it would function as a cap on students with financial need, rather than an avenue for affirmative action.
Re:Harvard Quietly Amasses California Vineyards and the Wate... by xxpor on Wednesday December 12, 2018 @02:37PM (#18667023)
Yeah it was Case I was talking about. IIRC this was right as I was graduating (2013), and what I said was the line from the administration. The problem is there's no real way to verify what would happen until it's implemented.