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03-18-2025 01:51 PM
Harvard Annual Financial Statement
In fiscal 2024 (year ended June 30) Harvard operating funds received $2.67 Billion from endowment investment income. This was 41% of total operating revenue.
Federal funds provided $686 million, accounting for 10% of operating revenue.
Harvard's operations can readily and easily absorb any loss of Federal funding.
03-18-2025 02:45 PM
03-18-2025 03:28 PM
This may inspire other very wealthy colleges to do the same.
Back in the days, only a very select number of males were educated in top colleges. And it left many of these colleges with very high endowments. And do not forget about "legacy students," whose family gifts opened a door they might not qualify for. My DD went to one of these smaller colleges and is presently working at one of the top ones. The wealth of some of these institutions is staggering.
03-18-2025 03:55 PM
@mrshckynut More than likely your "thinkiing" is spot on.
"Never argue with a fool. Onlookers may not be able to tell the difference."
03-18-2025 04:11 PM
@catter70 wrote:Nothing's free. We all pay for that. I've never had children and I don't think it's fair that I have to pay any school tax or at least get a senior discount of some kind. I've been out of school for over 50 years.
@catter70 - And who paid for your education, assuming you got one? DH and I don't have children either, but I don't begrudge supporting our local school system.
I got a very good education from it and where would we be in a country that made individuals pay for basic education? I'm talking elementary and high school here. I put myself through college, with work-study, grants, scholarships and loans.
And I still don't begrudge paying for basic education for others. I prefer an educated public to an ignorant one.
(What about those who pay for infrastructure, like roads and bridges, but don't own a car? There are so many instances of where we all contribute to the public good. It's called a civilized society.)
03-18-2025 04:13 PM
My parents, I guess and my mother was still paying when she died at the age of 88, @Venezia .
03-18-2025 04:13 PM
@ThinkingOutLoud wrote:
@kaydee50 wrote:I think ALL education should be free up to and including 2 years post high school.
I don't. Considering the dropout rate and reading level of too many of those in the public school system, why should taxpayers be on the hook for more 'free' education.
And I wonder why they drop out? Could it be because the system fails them? Children aren't born bad or lazy, IMO.
I think (and I may be wrong) that any university providing free education will require a minimum level of grade point average to remain enrolled.
03-18-2025 04:18 PM
@catter70 wrote:My parents, I guess and my mother was still paying when she died at the age of 88, @Venezia .
@catter70 - And every other taxpaying individual. I very much doubt your mother would have been able to pay the entire cost of your education, unless you are one of the 1%. Did you go to public schools? If so, every taxpayer paid towards the educational system. Buildings, maintenance, buses, staff, supplies...the list (and costs) go on.
And so many teachers pay for supplies out of their own pockets.
If Harvard University wants to offer this program, kudos to them.
03-18-2025 04:31 PM - edited 03-18-2025 04:34 PM
@Venezia wrote:
@catter70 wrote:Nothing's free. We all pay for that. I've never had children and I don't think it's fair that I have to pay any school tax or at least get a senior discount of some kind. I've been out of school for over 50 years.
@catter70 - And who paid for your education, assuming you got one? DH and I don't have children either, but I don't begrudge supporting our local school system.
I got a very good education from it and where would we be in a country that made individuals pay for basic education? I'm talking elementary and high school here. I put myself through college, with work-study, grants, scholarships and loans.
And I still don't begrudge paying for basic education for others. I prefer an educated public to an ignorant one.
(What about those who pay for infrastructure, like roads and bridges, but don't own a car? There are so many instances of where we all contribute to the public good. It's called a civilized society.)
@Venezia first about your reply to my previous post here you are right about the "all education" i was pretty much basing that on what my family friends and coworkers considered education or "higher education" very few referred to skilled labor i appreciate your clarification
my husband went to catholic schools which his mother paid for and he got his ged serving 6 years in united states army and we have no children 85% of our property taxes go to fund the public school system which can spend at will without setting a budget need more money our taxes go up judging from the reading and math scores up through eighth graders with a big majority being at three to four grades behind it doesn't appear more dollars are the answer
mrshckynut
03-18-2025 05:11 PM
@Mz iMac wrote:@mrshckynut More than likely your "thinkiing" is spot on.
And what exactly is that, is that the reason you started this topic?
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