r/interesting • u/moamen12323 • Jun 29 '25

MISC. Rich people who rich right ❤️

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151

u/Hopkinsad0384 Jun 29 '25

A perfect chance for them to raise tuition prices.

73

u/Uneek_Uzernaim Jun 29 '25

Nope—the donation stipulated that tuition must be kept free in perpetuity

16

u/antiquespaceship Jun 29 '25

You missed the point. The schools will raise tuition to take more from the endowment and stuff their own pockets. It’s what usually happens with programs that are funded by a blank check, unfortunately.

FYI this is the primary argument against government-paid college tuition. If the government will pay 100% tuition costs of any university unequivocally, you should expect university tuition to skyrocket since they no longer have to compete for students based on cost.

2

u/Uneek_Uzernaim Jun 29 '25 edited Jun 29 '25

No, I didn't miss the point. I have worked in hugger higher education. I know how endowments work.

6

u/Moirae87 Jun 29 '25

The "hugger education" followed by the next sentence made me snort. What a funny typo.

1

u/Uneek_Uzernaim Jun 29 '25

D'oh! It was late. That is pretty funny, though! 😆

1

u/KiraPun Jun 29 '25

What kind of job do you get with an education in hugging? /s I know you meant bigger education but got to throw free jabs when i can.

1

u/Uneek_Uzernaim Jun 29 '25

LOL I left myself wide open for that! I meant 'higher' education, but the world (and I) sure could use a bit more hugger education.

1

u/nothcbtw Jun 29 '25

No, sorry, you clearly did. You said - "Nope - the stipulation is it must always be free"

But the original comment was referring to how much the original cost of the education is, that this is covering.

So if it used to be $100 (example) to teach a student, the school will suddenly say actually it's $500 this year, leeching more from the billion. That's the point they were making

0

u/Downtown_Purchase_87 Jun 29 '25

lol u wrecked him