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Cornell has an endowment of 10.7 billion dollars. https://news.cornell.edu/stories/2024/10/university-endowmen...
And what? You know that for example endowment funds have restrictions on what they can be spent on. This is really victim blaming. I would not have an issue if the government has said that for future grant rounds there will be limits on overheads, but this lot just decided they cut already agreed and planned budgets and no matter the consequences.
Cornell has an endowment of 10.7 billion dollars. https://news.cornell.edu/stories/2024/10/university-endowmen...
If anything in any country should be free, it should be education. And, obviously, the administration of education should never be a for-profit venture. Valuing democracy and being able to select sensible leaders depends on it.
Cornell has an endowment of 10.7 billion dollars. https://news.cornell.edu/stories/2024/10/university-endowmen...
What are unemployed people even finding these days? Is everyone just giving in to the gig economy? Sadly my car is definitely on its last legs (probably saved by the pandemic) so I don't know how long it'd last if I did Doordash/Uber
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On topic, it's a shame even an Ivy League is feeling a result of this economy and administration. What does that say about any other public school? Is post-secondary education going to collapse?
Earlier quoted context omitted.
Reminder that endowments are highly illiquid and typically are not used to fund budgets
that's just misinformation. > In particular, the endowment supports roughly two-thirds of the budget for undergraduate and graduate financial aid, as well as a significant portion of faculty salaries, research, and key programs like libraries and student services. from https://news.stanford.edu/stories/2025/02/staff-hiring
Here is a 2024 article from the Stanford Daily: https://stanforddaily.com/2024/03/13/behind-stanfords-double... In 1996: 13,811 students, 1488 faculty, 5881 total staff. In 2024: 17,529 students, 2323 faculty, 16,527 total staff. In 28 years: 27% increase in students 56% increase in faculty 281% increase in total staff The ratio of staff to students is nearly 1:1 This is insane.
Contemporary academia especially in the West has a massive surplus of staff. Many people pursue academic careers solely for a comfortable lifestyle, doing minimal or even no research for long period of time. With extra lack of oversight that allows researchers to isolate themselves they create circles which cover each other. Occasionally, folks outside of the circle come in and they start finding ton of fraud in the…
Earlier quoted context omitted.
Janitorial, technical, nutritional … basically anyone not involved in educating students “non-faculty.”
I would assume non-student TAs (who do teach students), lab technical staff (who maintain equipment and and more directly enable teaching than janitorial staff) and such are also all non-staff.
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Used? The university is what is used to grow the endowment.
So what's the point of the endowment then? To make the green numbers go up?