alt Hacker News> have created financial crises at most universities
Those multi-billion dollar endowments are fine man, don't worry about them, they're not running out.
Replies
immibis • today at 1:33 PM
At 4% a billion dollars yields 40 million per year, if you have 1000 staff that's 40k each, barely pays a salary.
I'm not talking about Ivy schools. I mean regional state and private schools that educate the majority of people who attend college. These do not have multi billion dollar endowments unless you are summing them all up.