Tom Glasgow
Thomas W Glasgow
On endowmments, few people like to give big $ for student aid or operations. Usually it's for buildings or stadiums so they get naming rights and then the students get to pay to maintain and operate the buildings.originally posted by Jeff Grossman:
I thought the jump in college costs came down to two things:
(1) Fifty years ago it was not obligatory to get a college degree to get a good job. But now it is, by middle class lights. So, there is a lot more demand.
(2) A bigger endowment is a better endowment so, like CEO salaries, all the effort goes into persuading rich alums. This results in fancy cafs, new halls, big labs, etc.
The availabilty of financing should not be discounted, it drives consumer spending, home buying and commercial development.