HolyCoast: Economic Quote of the Day

Thursday, October 27, 2011

Economic Quote of the Day

From Jim Geraghty:
Why is there so much demand among young people for taxpayers to forgive their student loans, but so little demand for universities to lower tuition?
Exactly. Many of the private and most prestigious schools who charge just ridiculous amounts for tuition have endowments valued in the BILLIONS of dollars. Is the goal just to accumulate those funds at the expense of students? Here are some examples (2009 figures): Harvard $25.7 billion, Yale $16.3 billion, and Stanford $12.6 billion.

 And yet they'll still charge you $40-$50 thousand a year for your unmarketable interpretive dance degree.

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