Harvard vows to keep the cash

DerekJohnson

https://news.trust.org/item/20200421234705-acf8l

Bendintheriver

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

creepycoug

"Their whole endowment system should be looked at."

Them's fightin' words. Plus, most of that money was gifted to them. They're not giving it up w/o a fight.

creepycoug

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

dnc

creepycoug said:

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

Harvard is a pretty solid meritocracy.







As long as you're not Asian.

HoustonHusky

creepycoug said:

"Their whole endowment system should be looked at."

Them's fightin' words. Plus, most of that money was gifted to them. They're not giving it up w/o a fight.

You want to turn the snotty Liberals against paying off student loan debt simply add the stipulation that any program that does must be funded from the confiscation of University endowments to help fund it.

Should shut it up pretty quickly...

creepycoug

dnc said:

creepycoug said:

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

Harvard is a pretty solid meritocracy.







As long as you're not Asian.

Didn't say it was perfect. They engage in social engineering by trying to have a broadly diverse student body, as measured by a lot of things.

It's not always just race/ethnicity. Socio-economic status is used. And geography. A LS classmate of mine, who did undergrad at Yale, used to joke that the primary reason he got into EVERY Ivy League school (which is very hard to do, btw) was because he was from Elma. We used to joke about how it must've gone the day Yale got his app. Admissions Dean to Secretary: Marge, can you go find the last time a kid from Elma Washington attended? Secretary: Yes, sir. My search on the Wang shows Gilbert Bartholomew McGilliguddy III, from Elma Washington, graduated with the class of 1918.

There's all kinds of shit that happens in admissions. Some good; some not. The Asians are screaming loud about now and funding all the law suits, because elite academis is very important to them.

As someone who has spent time in this space, my vote is that it's good and healthy to not have a class of students made up of 90% Asian American student body. The educational experience would suffer. I admit I'm biased right now because I'm mad @RoadDawg55 because China virus. But still.

Harvard is as close to a meritocracy as you're going to get outside of sports. The kids there, and schools like, are across the board very, very, very capable. They just are!!!!

creepycoug

Didn't say it was perfect. They engage in social engineering by trying to have a broadly diverse student body, as measured by a lot of things.

It's not always just race/ethnicity. Socio-economic status is used. And geography. A LS classmate of mine, who did undergrad at Yale, used to joke that the primary reason he got into EVERY Ivy League school (which is very hard to do, btw) was because he was from Elma. We used to joke about how it must've gone the day Yale got his app. Admissions Dean to Secretary: Marge, can you go find the last time a kid from Elma Washington attended? Secretary: Yes, sir. My search on the Wang shows Gilbert Bartholomew McGilliguddy III, from Elma Washington, graduated with the class of 1918.

There's all kinds of shit that happens in admissions. Some good; some not. The Asians are screaming loud about now and funding all the law suits, because elite academis is very important to them.

As someone who has spent time in this space, my vote is that it's good and healthy to not have a class of students made up of 90% Asian American student body. The educational experience would suffer. I admit I'm biased right now because I'm mad @RoadDawg55 because China virus. But still.

Harvard is as close to a meritocracy as you're going to get outside of sports. The kids there, and schools like, are across the board very, very, very capable. They just are!!!!

creepycoug

HoustonHusky said:

creepycoug said:

"Their whole endowment system should be looked at."

Them's fightin' words. Plus, most of that money was gifted to them. They're not giving it up w/o a fight.

You want to turn the snotty Liberals against paying off student loan debt simply add the stipulation that any program that does must be funded from the confiscation of University endowments to help fund it.

Should shut it up pretty quickly...

I've never been even remotely supportive of the debt forgiveness idea. Frankly, I think it's absurd and flies in the face of a founding principal of our society. Do that and people will stop making the loans altogether.

ramenduck

creepycoug said:

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

Nicely done Creep. You just ruined a perfectly good angry populist rant.

Bendintheriver

creepycoug said:

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

Wow. That is not correct. We know numerous cases with middle class minority students who have been valedictorians from some tough areas (Miami, South Atlanta, St Louis) that got next to nothing as far as scholarship. Our friends in Miami, their Cuban daughter with an almost perfect SAT and a 4.4 GPA and and incredible extra curricular resume got 15K assistance. Accepted but no help. Friends in South Atlanta, African American valedictorian, perfect GPA, a perfect score on the SAT, incredible resume got 20K assistance. This kid was from an impoverished area. The best of the best. They were accepted and given next to nothing

I get it. Harvard with a 41 Billion endowment wants you to believe their bullshit. Biff and Buffy legacy is huge at the school. We know a couple of people who are alumni, connected and who have had kids who are not worthy gain entrance to the school. One couple had both their children accepted and neither was a shining star. I have fired two Harvard grads over the years, both were entitled POS, lazy as hell. Both got in because of mommy and daddy.

Again I get it. Harvard could give every student a free education for 100+ years and not feel it but they don't want to look bad so they make up their bullshit.

Tuition has gone up exponentially since the Fed started giving out student loans. Harvard has taken horrible advantage of the American tax payer. The average professor makes 225K for doing next to nothing. They get about 425 million a year in federal research grants. Yet they still only give the top of the top minority students 15K in scholarship for what amounts to about a 65-70K per year education.

In short, there is nothing generous about Harvard and if you are connected you can get your kid in over a brilliant middle class kid who actually earned it.

Bendintheriver

ramenduck said:

creepycoug said:

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

Nicely done Creep. You just ruined a perfectly good angry populist rant.

Another fucking rat idiot who has no idea what in the hell he is talking about but FEELS like he should say something.

ramenduck

Bendintheriver said:

ramenduck said:

creepycoug said:

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

Nicely done Creep. You just ruined a perfectly good angry populist rant.

Another fucking rat idiot who has no idea what in the hell he is talking about but FEELS like he should say something.

The only one sharing feelings is you, dumbfuck. The tell is when you respond to Creep’s post with bullshit anecdotes.

Wanna know I know you’re a bullshitter? You won’t take the bet.

Bendintheriver

ramenduck said:

Bendintheriver said:

ramenduck said:

creepycoug said:

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

Nicely done Creep. You just ruined a perfectly good angry populist rant.

Another fucking rat idiot who has no idea what in the hell he is talking about but FEELS like he should say something.

The only one sharing feelings is you, dumbfuck. The tell is when you respond to Creep’s post with bullshit anecdotes.

Wanna know I know you’re a bullshitter? You won’t take the bet.

You pussy. Go find the evidence and quit with the bullshit. Pathetic rats like you make me want to puke. You lie and then lie to cover the lie.

Now buck up buttercup, go find where I wished The Bitch death. Come on pussy. Prove me wrong.

As for Harvard, I have no doubt that a lowlife like you knows no one but inner circle rats like yourself. None capable of anything other than gaining acceptance into a very left leaning community college.

Now go smoke some more crack and focus on finding my posts hoping for The Bitch's death.

What a fucking low life idiot.

ramenduck

Bendintheriver said:

ramenduck said:

Bendintheriver said:

ramenduck said:

creepycoug said:

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

Nicely done Creep. You just ruined a perfectly good angry populist rant.

Another fucking rat idiot who has no idea what in the hell he is talking about but FEELS like he should say something.

The only one sharing feelings is you, dumbfuck. The tell is when you respond to Creep’s post with bullshit anecdotes.

Wanna know I know you’re a bullshitter? You won’t take the bet.

You pussy. Go find the evidence and quit with the bullshit. Pathetic rats like you make me want to puke. You lie and then lie to cover the lie.

Now buck up buttercup, go find where I wished The Bitch death. Come on pussy. Prove me wrong.

As for Harvard, I have no doubt that a lowlife like you knows no one but inner circle rats like yourself. None capable of anything other than gaining acceptance into a very left leaning community college.

Now go smoke some more crack and focus on finding my posts hoping for The Bitch's death.

What a fucking low life idiot.

I think a guy who won’t put up his end of a bet should retire the word “pussy” from his vocabulary.

If someone here accused me of something I knew I didn’t say, I’d have no problem risking a vacation from the bored. A career bullshitter like you doesn’t have that luxury. Instead we get “I don’t play stupid games,” etc., which is exactly what a liar would say.

I’ve never seen anyone so uncertain that they’re not a lying sack of shit.

Stop bleeding through your panties and take the bet.

pawz

BITR vs Ramen

How long has this lover's spat been going on? I imagine years?

popcorn.gif

creepycoug

Bendintheriver said:

creepycoug said:

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

Wow. That is not correct. We know numerous cases with middle class minority students who have been valedictorians from some tough areas (Miami, South Atlanta, St Louis) that got next to nothing as far as scholarship. Our friends in Miami, their Cuban daughter with an almost perfect SAT and a 4.4 GPA and and incredible extra curricular resume got 15K assistance. Accepted but no help. Friends in South Atlanta, African American valedictorian, perfect GPA, a perfect score on the SAT, incredible resume got 20K assistance. This kid was from an impoverished area. The best of the best. They were accepted and given next to nothing

I get it. Harvard with a 41 Billion endowment wants you to believe their bullshit. Biff and Buffy legacy is huge at the school. We know a couple of people who are alumni, connected and who have had kids who are not worthy gain entrance to the school. One couple had both their children accepted and neither was a shining star. I have fired two Harvard grads over the years, both were entitled POS, lazy as hell. Both got in because of mommy and daddy.

Again I get it. Harvard could give every student a free education for 100+ years and not feel it but they don't want to look bad so they make up their bullshit.

Tuition has gone up exponentially since the Fed started giving out student loans. Harvard has taken horrible advantage of the American tax payer. The average professor makes 225K for doing next to nothing. They get about 425 million a year in federal research grants. Yet they still only give the top of the top minority students 15K in scholarship for what amounts to about a 65-70K per year education.

In short, there is nothing generous about Harvard and if you are connected you can get your kid in over a brilliant middle class kid who actually earned it.

So a list full of anecdotes. No, I don't think I'm wrong. More people apply to that school every year than any other and, as everybody knows, fantastic candidates are rejected. Nothing new. We can do "I know a guy" all day on Harvard or Stanford.
And, yes, there are people who get a nudge for various reasons that would cause most of us to scratch our heads, including athletic recruiting. Much, much more the exception than the rule (except sports; that's a recurring and significant tunnel into the club). And, of course, we've all run into pieces of shit with fancy degrees. That some people turn out to be unmanageable POS should surprise nobody and really has nothing to do with this.

Legacy is not nearly as big as it once was ... effectively next to nothing now. Biggest myth going. Why do you think so many wealthy people got busted with that sting? If that's the way it worked in regular admissions, there would be no back channel black market, even at a sleezy school like USC. But there is an underground which preys on school functionaries (think women's soccer coach) who can't look away at $50,000. When it broke, all those school officials were fired. If I had a fucking nickel for every doc or lawyer on Mercer Island whose kid got wailisted or rejected at Brand A alma mater who now rants "not another fucking dime", I'd be a very, very wealthy man.

Here's an anecdote for you. I was personally acquainted, for years, with one of the luminaries at Stanford GSB who passed a couple of years ago. The kind of guy who has had chapters written about him in books and has Charlie Munger and the Oracle come guest lecture every year. When my middle one was up for college admissions, a kid with all the attributes, he pulled me aside after a board meeting and said this: "Hey, Creepycoug. Listen, come over for dinner one night when you're in town taking the kid to the Bay Area schools. But I want to get this out of the way now: I have no sway in admissions. Also, for undergrad, send her to a top LAC. That's still the gold standard." True story. That is exactly what he said.

Harvard will cover the full need of any kid they want. If they offer a kid $15 k, they've calculated that their parents can pay, or there's something else going on.

I'm not saying Harvard is a bastion of altruism. Not saying that at all. But they do want the smartest kids and they do want to social engineer, so they want who they want. And they have plenty of Cuban kids. Make that kid a poor Native American from Alaska, and I guarantee you he / she gets a full fucking ride.

I come by my information honestly. But let me ask you this: it's THEIR money right?. As long as they are pursuing their mission to educate and churn out research, who the fuck are we to tell them how to spend it?

This is where neo populism really gets confusing for me with collectivism. Harvard's endowment is mostly made up of gifts and earnings on investment. It's their property. Period.

GrundleStiltzkin

creepycoug said:

Bendintheriver said:

creepycoug said:

Bendintheriver said:

41 billion endowment and they are going to use tax payer money to give to students who go to their school. Harvard is the classic liberal bastion. The rich elites steal from the little people and continue to live their lives of luxury.

From that endowment they should be paying for half their enrollments tuition and those students should all be from middle and lower class families. Instead they enroll Biff and Buffy rich elites and legacies and throw a bone to far too few less privileged who then have several hundred thousand in student loans to pay back upon graduation. Classic liberal elite behavior.

This is not quite accurate. Harvard is a no loan school. They don't make loans, and few students who need the help take them out from other sources. Over half who attend receive aid based on need; 1 in 5 doesn't pay a dime to attend.

Harvard, along with several other elite institutions, moved to a need-blind admissions policy years ago, with the aim of admitting the smartest of the smart, however you measure that. Sure, there are kids who get in through various channels, including the rich and famous from both ends of the political spectrum. But by and large, that is the exception to the rule, and Harvard admissions is mostly a meritocracy. They absolutely use their endowment to subsidize cost of attendance for more than half of their students, many receiving full support if they demonstrate need.

I defend them and their like because they are a shining example of how the private sector can work to deal with issues of social inequality. Their wealth guarantees access to those who otherwise would not be able to attend. That beats relying on the state in my book. That's my argument for their tax-exempt status. I'm not sure what the argument is for the church.

Wow. That is not correct. We know numerous cases with middle class minority students who have been valedictorians from some tough areas (Miami, South Atlanta, St Louis) that got next to nothing as far as scholarship. Our friends in Miami, their Cuban daughter with an almost perfect SAT and a 4.4 GPA and and incredible extra curricular resume got 15K assistance. Accepted but no help. Friends in South Atlanta, African American valedictorian, perfect GPA, a perfect score on the SAT, incredible resume got 20K assistance. This kid was from an impoverished area. The best of the best. They were accepted and given next to nothing

I get it. Harvard with a 41 Billion endowment wants you to believe their bullshit. Biff and Buffy legacy is huge at the school. We know a couple of people who are alumni, connected and who have had kids who are not worthy gain entrance to the school. One couple had both their children accepted and neither was a shining star. I have fired two Harvard grads over the years, both were entitled POS, lazy as hell. Both got in because of mommy and daddy.

Again I get it. Harvard could give every student a free education for 100+ years and not feel it but they don't want to look bad so they make up their bullshit.

Tuition has gone up exponentially since the Fed started giving out student loans. Harvard has taken horrible advantage of the American tax payer. The average professor makes 225K for doing next to nothing. They get about 425 million a year in federal research grants. Yet they still only give the top of the top minority students 15K in scholarship for what amounts to about a 65-70K per year education.

In short, there is nothing generous about Harvard and if you are connected you can get your kid in over a brilliant middle class kid who actually earned it.

So a list full of anecdotes. No, I don't think I'm wrong. More people apply to that school every year than any other and, as everybody knows, fantastic candidates are rejected. Nothing new. We can do "I know a guy" all day on Harvard or Stanford.
And, yes, there are people who get a nudge for various reasons that would cause most of us to scratch our heads, including athletic recruiting. Much, much more the exception than the rule (except sports; that's a recurring and significant tunnel into the club). And, of course, we've all run into pieces of shit with fancy degrees. That some people turn out to be unmanageable POS should surprise nobody and really has nothing to do with this.

Legacy is not nearly as big as it once was ... effectively next to nothing now. Biggest myth going. Why do you think so many wealthy people got busted with that sting? If that's the way it worked in regular admissions, there would be no back channel black market, even at a sleezy school like USC. But there is an underground which preys on school functionaries (think women's soccer coach) who can't look away at $50,000. When it broke, all those school officials were fired. If I had a fucking nickel for every doc or lawyer on Mercer Island whose kid got wailisted or rejected at Brand A alma mater who now rants "not another fucking dime", I'd be a very, very wealthy man.

Here's an anecdote for you. I was personally acquainted, for years, with one of the luminaries at Stanford GSB who passed a couple of years ago. The kind of guy who has had chapters written about him in books and has Charlie Munger and the Oracle come guest lecture every year. When my middle one was up for college admissions, a kid with all the attributes, he pulled me aside after a board meeting and said this: "Hey, Creepycoug. Listen, come over for dinner one night when you're in town taking the kid to the Bay Area schools. But I want to get this out of the way now: I have no sway in admissions. Also, for undergrad, send her to a top LAC. That's still the gold standard." True story. That is exactly what he said.

Harvard will cover the full need of any kid they want. If they offer a kid $15 k, they've calculated that their parents can pay, or there's something else going on.

I'm not saying Harvard is a bastion of altruism. Not saying that at all. But they do want the smartest kids and they do want to social engineer, so they want who they want. And they have plenty of Cuban kids. Make that kid a poor Native American from Alaska, and I guarantee you he / she gets a full fucking ride.

I come by my information honestly. But let me ask you this: it's THEIR money right?. As long as they are pursuing their mission to educate and churn out research, who the fuck are we to tell them how to spend it?

This is where neo populism really gets confusing for me with collectivism. Harvard's endowment is mostly made up of gifts and earnings on investment. It's their property. Period.

YellowSnow

You just don’t debate @creepycoug on academis. You just don’t.

WestlinnDuck

Harvard's new mission is indoctrination. My 35 year old contracts law professor with a Harvard law degree was ostensibly brilliant but was a proud self-professed marxist. Contract law to him was just a suggestion. Social justice outweighed any written agreement. Harvard is a subversive institution. Look at Barry and the fake Indian.

ramenduck

Bendintheriver said:

You pussy. Go find the evidence and quit with the bullshit. Pathetic rats like you make me want to puke. You lie and then lie to cover the lie.

Now buck up buttercup, go find where I wished The Bitch death. Come on pussy. Prove me wrong.

As for Harvard, I have no doubt that a lowlife like you knows no one but inner circle rats like yourself. None capable of anything other than gaining acceptance into a very left leaning community college.

Now go smoke some more crack and focus on finding my posts hoping for The Bitch's death.

What a fucking low life idiot.

I think a guy who won’t put up his end of a bet should retire the word “pussy” from his vocabulary.

If someone here accused me of something I knew I didn’t say, I’d have no problem risking a vacation from the bored. A career bullshitter like you doesn’t have that luxury. Instead we get “I don’t play stupid games,” etc. Shit liars say.

I’ve never seen anyone so uncertain that they’re not a lying sack of shit.

Stop bleeding through your panties and take the bet.