In Elite Schools’ Vast Endowments, Malcolm Gladwell Sees ‘Obscene’ Inequity

Yesterday, I tweeted from a study that was done by this group called Nexus which calculated the per student annual taxpayer contribution for different kinds of educational institutions in this country — so, the value of all of the money taxpayers give institutions. For the typical community college in this country, it comes out to [between $2,000 and] $4,000 per student per year. For a typical state school, it’s $10,000 per year. For Harvard, it’s $48,000 per year. For Yale, it’s $69,000 per student per year. And for Princeton, it’s $105,000 per student per year of taxpayer subsidy. That’s obscene! That’s why I’m upset.

Read full article [here].
by Staff, NPR.

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