In 1978, Harvard University had a $1.4 billion endowment and admitted 2,200 students to its incoming freshman class. This year the endowment sits at $50.7 billion—and they only admitted 1,942 students. That’s a 3,521% increase in the endowment and a 12% decrease in freshman admissions.
Full video explainer on why that happened featuring some MA legislators that want to reappropriate their endowment for the state’s community colleges.
Submitted December 21, 2023 at 10:28AM by madtenant https://ift.tt/fYUqXhZ
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