On Apr 9, 2006, at 5:41 AM, Howard Winter wrote:
>> [University funding and costs]

> So where does this extra money go?

To build up the endowment, of course!

Don't get me started on University finance.  My "F-ing Prestigious"
Ivy-League Alma Mater has talked me into contributing significant
$$$ their way each year, and is constantly working on MORE, but
there are tantalizing bits of nonsense that appear to show up:
1) tuition is a relatively minor party of income or expenses.
    (so why does it need to keep going up?)
2) A major budget item is "financial aid" (so what, they charge
    students more so that they can loan it back to them so they
    can afford to come to school??!)
3) Financial aid of course has it's own wealth-redistribution
    policies.  All in all that's probably a good thing, but it's
    surely hell on the large segment of the population that doesn't
    qualify on the basis of "financial need" but whose lifestyle
    is surely dented by $60000/year of expenses.  ("So what, we'd
    pay less if we HADN'T skimped and saved for 20 years to send
    our kids to college?")  (been there, did that.  When the figure
    was a lot lower, of course...)

Grr.
BillW

-- 
http://www.piclist.com PIC/SX FAQ & list archive
View/change your membership options at
http://mailman.mit.edu/mailman/listinfo/piclist