Annoyance

Question:
How large are the endowments of colleges and universities in the United States?

Response:

At the end of fiscal year 2020, the market value of the endowment funds of colleges and universities was $691 billion, which was 2 percent higher than the beginning of the fiscal year, when the total was $675 billion.

The five institutions with the largest endowments at the end of fiscal year 2020 were:

1. Harvard University ($42 billion)
2. Yale University ($31 billion)
3. The University of Texas System ($31 billion)
4. Stanford University ($29 billion)
5. Princeton University ($26 billion)

Obviously, most colleges and universities don't enjoy endowments in the billions of dollars, but there's a shitload that do, and while some smaller schools are going broke and closing their doors (largely the old religious schools, and some for-profit joints), almost none have been really hurting for cash, even as they cut corners and poor-mouth the shit out of it all the fucking time.

So I have to ask - Why does it cost me $100,000 to send a kid thru 4 years of college, when American schools are worth more than the GDP of 175 countries around the world?

Education Data Initiative - Melanie Hanson

Average Cost of College & Tuition

Report Highlights.

• The average cost of college* in the United States is $35,331 per student per year, including books, supplies, and daily living expenses
• The average cost of college has more-than doubled in the 21st century, with an annual growth rate of 6.8%.
• The average in-state student attending a public 4-year institution spends $25,487 for one academic year.
• The average cost of in-state tuition alone is $9,349; out-of-state tuition averages $27,023.
• The average traditional private university student spends a total of $53,217 per academic year, $35,807 of it on tuition and fees.
• Considering student loan interest and loss of income, the ultimate cost of a bachelor’s degree can exceed $400,000.

(*In this context, college refers to any 4-year postsecondary institution that offers an undergraduate degree program; this is the average cost to first-time, full-time undergraduates.)

Jump to a state:

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Stop wondering why people are pissed off. Start voting for people who want to sort it all out and make it a little more fair before we tip completely into a system of inflexible stratification according to class - cuz we're pretty fuckin' close to that right now.