this post was submitted on 03 Jul 2023
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oops. I missed this somehow when I recently posted a different article about the same thing. I deleted mine since it's redundant.
for readers, here's a summary of some facts in quotes from that article
The “strong alumni community and donor base” does nothing to help society at large when these prestigious universities sit on billions of dollars in endowments instead of actually growing the universities.
Harvard, Yale, and Princeton combined have 40,000 students (and they combine for about $170 billion in their endowments). UC Berkeley, a public university of comparable prestige, has 45,000 students (with a pittance of $7 billion in its endowment)
Why accept these unqualified students for their money when you aren’t planning to spend the money you already have?