Ok, if you want to pitnick about this, it's the Wall St Journal who interviews the former President of Northwestern Univ. Smart guy...basically a goniff* along with all the robber barons who run elite institutions. Great short video, however.
Some interesting facts:
I: College endowments of the Ivies and 2nd-tier schools are massive. They pay about as much as the kid's tuition towards the bottom line. So big donors can jump up and down, and complain about the recent Gaza protests, but their current giving is peanuts compared to the college's accumulated nest egg.
II: How did these endowments get so large? In short, the stock market's been on a run since 2008 and that's allowed these guys to make a killing!
III: Oh yes. That demographic cliff coming up. People stopped having kids several decades ago. That means the number of high school kids who will want to go to college will drop like a fricken rock. Colleges know this is coming and are trying to prepare.
By ripping everyone off. Haha.
*Goniff is a Yiddish term for a dishonest asshole.
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