The bigger private unis already have endowments big enough to coast on indefinitely. Cornell has $9B for a student body of 25k. Harvard has a $51B trust fund for a student body of 30k. MIT has $24B across 12k students… When schools are this obscenely rich, tuition is a drop in the bucket.
The bigger private unis already have endowments big enough to coast on indefinitely. Cornell has $9B for a student body of 25k. Harvard has a $51B trust fund for a student body of 30k. MIT has $24B across 12k students… When schools are this obscenely rich, tuition is a drop in the bucket.
Plus they get tons of donations from stupid alumni.