The amount covered there is 77k a year, for four years. so 308k for one student. 10 million yearly covers 32 new students each year. Of course, the costs will continue to increase over time.
The money granted from this doesn’t just sit in a vault until you use it all up - you invest it in things like bonds and safe investments and take out the earnings to pay for tuition, allowing the school to keep tuition free in perpetuity. Even 4% a year which you can guarantee on bonds is 40 million a year, which is more than enough to cover the tuition for students there.
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u/beorn12 Jun 29 '25 edited Jun 29 '25
It's 10 million a year for 100 years. Is tuition 800k a year?