Swarthmore's endowment is over $1 million per student

[retired711]

Swarthmore invests in "private equity" -- non-traded companies -- and does very well. Total endowment is $1.9 billion with a one-year return of 17.8% and a ten-year return of 8.8%.

http://www.philly.com/philly/business/20150720_Richly_Endowed.html

 

[rufancoe00]

it is always easier to make money when you have it. How much of their endowment is spent each year in a school with 2k students vs Rutgers and its 40k+?

 

[derleider]

Swarthmore invests in "private equity" -- non-traded companies -- and does very well. Total endowment is $1.9 billion with a one-year return of 17.8% and a ten-year return of 8.8%.

http://www.philly.com/philly/business/20150720_Richly_Endowed.html

And yet they still charge tens of thousands of dollars to attend. Almost as if education in America is mostly about reinforcing class distinctions and not really about educating people at all.

 

[srru86]

Almost as if education in America is mostly about reinforcing class distinctions and not really about educating people at all.

That might be a piece of the puzzle.
New Yorker The Mobility Myth
The Economist Mobility, measured

 

[retired711]

Perhaps Swarthmore's logic is: "the richer the people you admit, the more big contributions you'll get and the higher the endowment will be, and the more money we can spend on rich students (and a few scholarships to the poor to make it look good)."

 

[RUSK97]

Perhaps Swarthmore's logic is: "the richer the people you admit, the more big contributions you'll get and the higher the endowment will be, and the more money we can spend on rich students (and a few scholarships to the poor to make it look good)."

Could've sworn we had a thread by that very same logic on this forum a few months back. It was about how RU could become more appealing to NJ's upper middle class.

 

[retired711]

Could've sworn we had a thread by that very same logic on this forum a few months back. It was about how RU could become more appealing to NJ's upper middle class.

Not exactly, We didn't have a thread on favoring applicants from prosperous families. Instead, we had a thread on how to encourage such kids to apply, which is not the same thing.

 

[RUSK97]

Not exactly, We didn't have a thread on favoring applicants from prosperous families. Instead, we had a thread on how to encourage such kids to apply, which is not the same thing.

Oh ok, fair enough. Yeah, those are two different things.