Re:Colleges where everyone works and there's no tuition
by tallanvor on Monday May 09, 2022 @04:30AM
(#31311816)
I was taught that you should estimate a 4% rate of return, which means Harvard's endowment can cover around 40% of their budget. Much of the remainder will come through research grants, and a rather small percentage will be tuition and fees.
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Re:Colleges where everyone works and there's no tuition
by laGrenouille on Monday May 09, 2022 @07:51AM
(#31313006)
Yes, that's what I learned as well. And that's actually close to what Harvard reported using last year ($2.1 billion from the endowment; 40% of the budget).
I was only using the more aggressive number as a thought experiment to the original poster about what it would take the cover the entire operating budget.