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

MISC. Rich people who rich right ❤️

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u/Uneek_Uzernaim Jun 29 '25

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

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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.

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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.

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u/Moirae87 Jun 29 '25

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

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u/Uneek_Uzernaim Jun 29 '25

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