Dr. V
PhD Student
Posts: 1539
Reg: 11-21-04
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09-09-23 12:19 PM - Post#357880
The NYT had a story yesterday that contained interesting figures re size of endowment per student for several hundred universities. Re the Ivies, the differences in figures, although not exactly news, are still startling:
Princeton $7.7 million per student
Yale $6.7
Harvard $6.7
Dartmouth $1.9
Penn $1.8
Columbia $1.7
Brown $1.
Cornell $ .6
Edited by Dr. V on 09-09-23 12:20 PM. Reason for edit: No reason given.
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penn nation
Professor
Posts: 21276
Reg: 12-02-04
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Re: $ and Ivies
09-10-23 12:35 PM - Post#357884
In response to Dr. V
The larger context of that piece and several companion pieces in the Times was the extent to which schools were becoming economically diverse (in terms of, for example, the percentage of students with Pell Grants).
Duke was singled out among "elite" schools for doing a pretty lousy job here and for the overwhelming majority of its students who come from wealthy backgrounds. Current proportion of Pell Grant students is 12%, which is actually down 1% since 2011. Endowment per student at Duke is $1.6 million, so it could certainly afford to admit more students who aren't close to paying full freight.
The article made the basic point that among all "elite" schools, generally speaking those with the heftiest endowments have upped the percentage of students with Pell Grants--that's why Duke in particular was singled out for a critique.
The overall percentage for US colleges is 21% on Pell Grants, with the average school endowment per student at $436,000.
In contrast, most Ivies have at least 18% on Pell Grants, with a high of 22% (Dartmouth at 17% and Brown at 14% are the two outliers), and all but Brown have improved their proportions (anywhere from 3 points to 8 points) since 2011. Endowment $ per student at all Ivies except for Cornell is at least $1 million (as you previously noted).
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rbg
Postdoc
Posts: 3066
Reg: 10-20-14
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$ and Ivies
09-10-23 05:45 PM - Post#357887
In response to penn nation
From the article:
https://www.nytimes.com/interactive/2023/09/0 7/mag...
- It is difficult to know exactly what would be the ideal level of economic diversity for elite colleges. They will probably never have 50 percent of their students coming from the bottom 50 percent of the income distribution. By almost any measure, more teenagers from the top half are qualified to attend these colleges and prepared to thrive academically. But Catharine Bond Hill, an economist who studied these issues before becoming president of Vassar College and who is now a managing director at Ithaka S+R, argues that at least 25 percent of the entering class at top colleges should be Pell recipients. As Thorp told me: “These top colleges all have the opportunity to enroll as many low-income kids with high scores as they want. There is probably a limit somewhere, but none of them are at it.” -
While many of the Ivy schools can feel good about the changes in Pell Grant recipients over the last decade, there is still more work to be done for lower, lower-middle and middle-income students (& quite possibly upper-middle income students) at the schools that so heavily take from the most affluent class.
Edited by rbg on 09-10-23 05:45 PM. Reason for edit: No reason given.
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penn nation
Professor
Posts: 21276
Reg: 12-02-04
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Re: $ and Ivies
09-10-23 08:57 PM - Post#357888
In response to rbg
Could not agree with you more.
The educational system in this country at every level exacerbates the existing structural inequities in this country in countless ways.
And Ivy institutions, who have resources that other educational entities could only dream of, could indeed do far more if this was more of a priority for them.
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