For a university to charge tuition isn’t unreasonable. However, I do have a problem with a university charging over $31,000 per year in tuition, per student (and that doesn’t include room and board), while at the same time boasting an endowment of $34.9 billion (not a typo). Seems a bit greedy to me, and you know what an arch capitalist I am. I just wonder what the hell they’re doing with all those billions of dollars. That is, I’d feel that tuition was more appropriate if I learned that this money was being spent, first and foremost, to focus on the college’s educational mission. If I were to learn otherwise, and if I were a prospective Harvard parent, I might think twice about donating ever more money to this institution.
Filed under: Education