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re: Most recent SEC endowment rankings
Posted on 2/20/18 at 1:54 pm to Harry Rex Vonner
Posted on 2/20/18 at 1:54 pm to Harry Rex Vonner
quote:
9. LSU - 845 million
10. Alabama - 683.2 million
A1abama
1
Posted on 2/20/18 at 2:00 pm to Harry Rex Vonner
Here is some perspective on just how rich we are. Feel free to downvote once your feelings get hurt. The combined endowment of Florida, Mizzou, Kentucky, Tennessee, Georgia, Arkansas, LSU, Alabama, South Carolina, Auburn, Ole Miss, & Ms State is about the equivalent of A&M's.
This post was edited on 2/20/18 at 2:09 pm
Posted on 2/20/18 at 2:04 pm to randomways
quote:
While I sympathize completely, you kinda answered your own question -- the endowment itself isn't available to pay student costs.
Yes, which makes it nearly useless in today's world.
quote:
The endowments are a hedge against hard times
What kind of hard times could possibly cause a school like Texas A&M to have to spend $9 Billion?
I'm all for keeping rainy day funds, but if these Universities are going to charge the high tuition rates they do nowadays all while taking tax payer dollars and sitting on multi-billion dollar endowments, they should lose tax exemption status.
I believe any publicly funded college or university ought to be taxed on their endowment if they introduce a tuition increase. This would help freeze the out-of-control rate of rising tuition costs. If Universities want to avoid paying taxes, don't raise tuition on students.
Posted on 2/20/18 at 2:05 pm to SummerOfGeorge
quote:
I bet 90% of this board doesn't even understand specifically what an endowment is and how it is able to be used.
According to our friends up 64 it’s to be used at will in a blur of corruption and secret salaries. Everyone for years droned on and on about what an incredible job the school president was doing in improving and expanding the school. Well no crap, who couldn’t improve a university with a bottomless checkbook? About the only things they didn’t spend it on in their spree were strippers and prostitutes. They left that to a basketball assistant. Or Adidas. Or whatever.
Posted on 2/20/18 at 2:05 pm to BHMKyle
college education is not a right. if you can't afford tuition get a loan, go to a trade school or do something else. there are plenty of people in line who will pay the tuition if you can't
Posted on 2/20/18 at 2:06 pm to Farmer1906
quote:
Here is some perspective on just how rich we are. Feel free to downvote once your feelings get hurt. The combined endowment of Mizzou, Kentucky, Tennessee, Georgia, Arkansas, LSU, Alabama, South Carolina, Auburn, Ole Miss, & Ms State is about the equivalent of A&M's.
Oh come on now. I was letting y'all slide before, but your number is a system-wide number. That's 11 universities, isn't it? If you divide from that point, that's less than a billion per school.
Posted on 2/20/18 at 2:09 pm to Farmer1906
''we'' what I have is what I have, The Georgia alumni association doesn't contribute to my net worth.
Texas A&M BA grads high point salary average of 112K means a bit more, Vandy's is 116k, Georgia's is 97K.
Duke is king of the south at 134K
Ga-Tech is 128K
WF is 118K
Emory 110k, I have a Niece who graduated from Emory a few years ago.
Texas A&M BA grads high point salary average of 112K means a bit more, Vandy's is 116k, Georgia's is 97K.
Duke is king of the south at 134K
Ga-Tech is 128K
WF is 118K
Emory 110k, I have a Niece who graduated from Emory a few years ago.
This post was edited on 2/20/18 at 2:11 pm
Posted on 2/20/18 at 2:11 pm to randomways
I would expect someone from Vandy to use better logic. You think A&M Texarkansas with all 1800 students should get 1/11 of A&M's endowment for this exercise?
Posted on 2/20/18 at 2:11 pm to BHMKyle
quote:
Yes, which makes it nearly useless in today's world
Well, they are investing it, so it's not like it's sitting there with no function at all.
quote:
What kind of hard times could possibly cause a school like Texas A&M to have to spend $9 Billion?
I'm all for keeping rainy day funds, but if these Universities are going to charge the high tuition rates they do nowadays all while taking tax payer dollars and sitting on multi-billion dollar endowments, they should lose tax exemption status.
I believe any publicly funded college or university ought to be taxed on their endowment if they introduce a tuition increase. This would help freeze the out-of-control rate of rising tuition costs. If Universities want to avoid paying taxes, don't raise tuition on students.
TAMU isn't the best example here. That money is spread across 11 universities.
The problem with this argument is that, while universities themselves are public, the donations are private. Most public universities get money from the state (and charge lower tuition to in-state citizens than out-of-state ones based on that premise) but a significant chunk of the cash comes from individuals who aren't looking to fund scholarships or the equivalent. They're donating the money for far more specific purposes, else they'd just start a scholarship fund. As I said, I sympathize. It's just that the real-world logistics are much more complicated than just lowering tuition because you have a big bank account.
Posted on 2/20/18 at 2:11 pm to hg
LSU is another being listed as system wide in the OP.
Posted on 2/20/18 at 2:13 pm to teddyjackeddy
Salary? I stopped worrying about salary a long time ago. Bonuses and stocks, please.
Posted on 2/20/18 at 2:14 pm to randomways
quote:
Oh come on now. I was letting y'all slide before, but your number is a system-wide number. That's 11 universities, isn't it? If you divide from that point, that's less than a billion per school.
A&M doesn't seem to report the College Station-only endowment, but surely they have a larger share than the rest. UT-Austin however does and it's about $3.8B out of their system-wide $26B+. So just a rough estimate, I'd say A&M-College Station is in the neighborhood of $2B
Posted on 2/20/18 at 2:15 pm to Farmer1906
quote:
I would expect someone from Vandy to use better logic. You think A&M Texarkansas with all 1800 students should get 1/11 of A&M's endowment for this exercise?
I think the endowment listed here refers to the system, which means y'all aren't sitting on $9 billion+ by yourselves, which is essential for your claim to work. If you have a specific number for TAMU in College Station, do share. Regardless, your claim doesn't hold up unless the others are only getting $50 or something.
Posted on 2/20/18 at 2:15 pm to Evolved Simian
Arkansas - 1 Billion
Alabama - 686 million
sorry man
Alabama - 686 million
sorry man
Posted on 2/20/18 at 2:15 pm to texag7
quote:
college education is not a right. if you can't afford tuition get a loan, go to a trade school or do something else. there are plenty of people in line who will pay the tuition if you can't
Makes sense to me but first the system needs a market correction. Take out the ridiculous amounts of money the government pumps in in the way of grants and allow the price to come down to legitimate numbers. Universities, like non-profit hospitals, are cash vacuums.
Posted on 2/20/18 at 2:17 pm to UAtide11
UT's System is quite a bit bigger than A&M's. They have 5 schools ranging from 24-38k enrollment each not counting Austin.
Posted on 2/20/18 at 2:18 pm to texag7
quote:
college education is not a right.
No one ever said it was a "right"... certainly not me.
Thankfully I was blessed and did not have to take out any loans for college, but not everyone is so fortunate.
I'm against "Free College" and the notion that a college education is a right. I am completely against that.
But colleges and universities don't live in the real world of free markets. Unlike if you or I were to start a business, a public university (1) receives tax payer funding from the state, (2) gets non-profit / tax exemption status, (3) gets to sit on billions of dollars without paying tax on it either.
No one is forcing anyone to go to college. But they are taking money from my paycheck to help fund the public university systems, so that does create a reason for the average citizen do demand more accountability from these government schools to keep tuition rates down.
Posted on 2/20/18 at 2:19 pm to Farmer1906
oh I know
A&M could buy Arkanas nine times and still have enough left over to beat Bammer or Aubie or Ole Miss or Vecchio State or USC
A&M could buy Arkanas nine times and still have enough left over to beat Bammer or Aubie or Ole Miss or Vecchio State or USC
Posted on 2/20/18 at 2:23 pm to BHMKyle
Colleges up until about 1990 received about 3x the amount of revenue from states than they did from tuition. They now receive about equal revenues from each. Most all of their increases in expenses over the past 30 years have been shifted to students in the form of tuition increases.
Secondly, the availability of student loans has allowed them to increase tuition and not really lose students because of the high price of tuition.
Endowments don't (and aren't really designed to) keep tuition low. They are designed to attract better students through scholarships, better faculty (paying higher salaries, ensure smaller class sizes, nicer facilities).
Secondly, the availability of student loans has allowed them to increase tuition and not really lose students because of the high price of tuition.
Endowments don't (and aren't really designed to) keep tuition low. They are designed to attract better students through scholarships, better faculty (paying higher salaries, ensure smaller class sizes, nicer facilities).
Posted on 2/20/18 at 2:23 pm to BHMKyle
quote:
I'm against "Free College" and the notion that a college education is a right. I am completely against that.
Oddly, even though I've been debating you on the tuition issue, I actually do think it should be a right...for those who can qualify for and use it. Not just as a question of individual rights to education but because a well-educated society is a better and generally more successful society. Honestly, all the most vocal patriots should be directing their energies in this direction instead of bemoaning how we as a country falling behind other countries.
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