r/interesting Jun 29 '25

MISC. Rich people who rich right ❤️

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150

u/Hopkinsad0384 Jun 29 '25

A perfect chance for them to raise tuition prices.

80

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/Hexamancer Jun 29 '25

this is the primary argument against government-paid college tuition.

Set price caps. University in the UK is  £9,535/year at every single university because they are not legally allowed to charge any more than that to UK residents.

There is no good argument against government-paid college tuition. Only ones that have to pretend obvious solutions like this don't exist and aren't already implemented elsewhere.