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A comment on Harvard University Won’t Require SAT, ACT for Admissions Next Year. Parent comment

Re:Harvard University Won’t Require SAT, ACT for Admissions ... by hindsightbias on Wednesday June 17, 2020 @12:44PM (#23553479)
“the average amount of money that the eight Ivy League schools received annually over that time period — $4.31 billion — exceeds the amount of money received by 16 of the 50 states.”

Fund those with few resources or create new ones away from the Ivies. You can’t democratize the Ivies but you can give a lot more people a better education. The status quo is that the Ivies have their cake and eat it too.

https://www.thedp.com/article/2017/04/ivy-league-tax-report

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Re:Harvard University Won’t Require SAT, ACT for Admissions ... by intended on Wednesday June 17, 2020 @09:05PM (#23558713)
That sounded weasel wordy so I read the article -

> full $41.59 billion of the Ivy League’s money could be traced back to taxpayer-funded payments and benefits.

Traces back.

So part of it is tax breaks to educational institutions- which is natural, they have the biggest endowments combined so the tax benefits will be massive.

They point out that major research happens at these institutions so they have more money from that as well.

This meshes less with the “have their cake and eat it too” line of thinking and more a result of the distortions from reputation and network effects.

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