Andy Matuschak on Twitter: "What a fascinating and surprising analysis. In 2017 Caltech derived just 1.2% of its operating revenue from net tuition. Returns of $343M (12.3% of revenue) tax-free, on $3B. Tuition is $50K. 1992 budget $227M, endowment $580M… 2017 budget $653M, endowment $3.4B! A…non-profit?" / Twitter

What a fascinating and surprising analysis. In 2017 Caltech derived just 1.2% of its operating revenue from net tuition. Returns of $343M (12.3% of revenue) tax-free, on $3B. Tuition is $50K. 1992 budget $227M, endowment $580M… 2017 budget $653M, endowment $3.4B! A…non-profit?

Quote Tweet

Conrad Bastable

@ConradBastable

· Dec 30, 2018

Cost Disease in Education partially a result of intentionally-limited supply in order to keep Investment Returns tax free. Endowment Profits already far more important than Tuition revenues... conradbastable.com/essays/the-unc

3:53 AM · Jan 9, 2019Twitter Web Client

Replying to

(h/t to

—a compelling cost disease analysis is rare!)

Replying to

Thanks! Glad you liked it! Also -- I'm so glad your first impulse was to go fact check the core assumptions on your own school. Really opens the eyes when you see it for yourself.

Andy Matuschak

@andy_matuschak

Jan 9, 2019

Absolutely. Thank you for writing it! It was interesting to see that Caltech has a similar weird extra revenue/expense stream for JPL akin to Lincoln. I'm sure that complicates things…

Show replies

Conversation