Re:Colleges where everyone works and there's no tuition
by gruez on Monday May 09, 2022 @09:09AM
(#31313573)
>Does a university really need a balance that may be larger than some nation's GDP?
This comparison makes no sense.
1. GDP is a per-year measure, but an endowment is accumulated over multiple years. Therefore durectly comparing them doesn't really make much sense.
2. "some nation" includes some pretty small/poor countries. Should it be a surprise that an organization in the US is bigger than a country like Liechtenstein?
This comparison makes no sense.
1. GDP is a per-year measure, but an endowment is accumulated over multiple years. Therefore durectly comparing them doesn't really make much sense.
2. "some nation" includes some pretty small/poor countries. Should it be a surprise that an organization in the US is bigger than a country like Liechtenstein?