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A comment on Penn to reduce graduate admissions, rescind acceptances amid research cuts. Parent comment

Re:Penn to reduce graduate admissions, rescind acceptances a... by mlrtime on Saturday February 22, 2025 @11:39PM (#43146591)
So why not just use the endowment, why does the tax payer need to fund this? 22.3 Billion isn't enough?
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Re:Penn to reduce graduate admissions, rescind acceptances a... by tzs on Sunday February 23, 2025 @01:50AM (#43147268)
They are using their endowment. They spend around 4-5% of it each year.
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