Re:Colleges where everyone works and there's no tuition
by godelski on Monday May 09, 2022 @03:01AM
(#31311396)
Maybe Harvard isn't the best example since it is private. But to me this seems a bit different when we're talking about public universities. It seems odd to run an academic facility like a company trying to turn a large profit. It is weird to me to compare them to corporate organizations, just like it is weird to compare government to corporations. I know it happens and there are some similarities, but just because apples and oranges are both spherical fruits doesn't mean we're comparing equal things.
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Re:Colleges where everyone works and there's no tuition
by supernova87a on Monday May 09, 2022 @03:09AM
(#31311444)
Well, I think you've pointed out and answered part of your question.
Public universities generally have little/much smaller endowments by comparison because they rely on government for their steady stream of revenue. And because of that they can, and have pressure to, fulfill policy-based goals of educating students at little to no cost, or heavily subsidizing it.
Some public universities are acting according to the incentives they've been given, and accumulating their own endowments to insulate against political unreliability, and you can also see why college sports are such an important revenue stream for them as a result.