Brown has a $3.5 billion endowment, but is raising money to clear this $120 million?
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Welcome to world of Finance ;)
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If people continue to keep giving their already-rich-enough alma mater more money, I guess it makes sense to keep asking for more.
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Precisely why
@elonmusk sells@boringcompany hats and got $300,000 free money
End of conversation
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Although looks like they are using this as an opportunity to raise new $$$, not using existing endowment.
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My alma mater decided to do this ... starting literally the year after I graduated.
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And yet it’s the students who go to universities without huge endowments that need the most student loan relief, so...
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That's a commendable step. However most big schools I believe have big enough endowments already to take a shot at this national problem
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Endowment size is probably not going to be relevant since rates are so low. Also, it's only the elite universities that have the capacity to raise this kind of money.
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Half of universities will be bankrupt in a decade (per
@claychristensen). Hopefully the ones who remain will focus on affordabilityThanks. Twitter will use this to make your timeline better. UndoUndo
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Wow. Good move.
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Agreed. Unfortunately most universities / colleges probably don’t have access to the kind of capital they’d need to forgive loans / give grants. Many great schools (especially public’s) are cash strapped
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The richest universities have the luxury of funding class diversity. They seem more proactive than reactive to student loan politics.https://www.princeton.edu/news/2016/11/14/pell-eligible-students-comprise-21-percent-princetons-freshman-class …
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That covers roughly 6k students.
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Loans are one piece of the academic Jenga. That endowment may serve as a great pension fund once a cornerstone is removed!
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If state universities did this, their graduation rates would likely drop. That might not happen as much with Brown though.
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Published Sept 25. Are other uni's doing this? Has Brown finished their fundraising? Or are we just late to get around to this headline?
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