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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 i_am_proteus on Sunday February 23, 2025 @08:36AM (#43149129)
Stanford does have faculty housing: it's made available for the tenured faculty member to rent for life. The school owns the house. The professor builds no equity.

The alternative, given the cost of housing near Stanford and faculty salaries, would be for faculty to live over an hour distant. The university acknowledges the benefit of having faculty live nearby, and also recovers the rent money and keeps the property.

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Re:Penn to reduce graduate admissions, rescind acceptances a... by pclmulqdq on Sunday February 23, 2025 @10:41AM (#43150025)
And yet, a lot of Stanford's faculty live right next to campus. It turns out all those startup board seats are lucrative enough that they can actually afford a house in the local area.
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