1. State flagships have the state budget as an income stream, hence less need to fill out their income by milking legacies and the wealthy.
2. State flagships are less of a finishing school for the connected to connect with other connected and get connected with connections. Take away that and 80% of the value proposition of an Ivy League education goes down the crapper.
3. Pace 2. state U has to try harder. They can't attract the same folks that a Princeton can, so they need to find people that will go to grad school, that will start businesses, that will publish papers in a brutally competitive academic environment.
Amen to point 1! Public colleges shouldn't need to compromise their principles for money, but sometimes they do. For example, U Michigan until very recently favored legacies, and there was a long scandal of the UCs courting out-of-state kids. So it's nice to see state colleges using their taxpayer backstop to behave as they ought.
Regarding 1, state appropriations provide around 15% of a state school's income these days; there are more than happy to get donations. On the flip side, the top private schools have more than enough in their endowments to not need any tuition or donations, if they wanted.
Fascinating, Captain.
1. State flagships have the state budget as an income stream, hence less need to fill out their income by milking legacies and the wealthy.
2. State flagships are less of a finishing school for the connected to connect with other connected and get connected with connections. Take away that and 80% of the value proposition of an Ivy League education goes down the crapper.
3. Pace 2. state U has to try harder. They can't attract the same folks that a Princeton can, so they need to find people that will go to grad school, that will start businesses, that will publish papers in a brutally competitive academic environment.
More may come to mind.
Amen to point 1! Public colleges shouldn't need to compromise their principles for money, but sometimes they do. For example, U Michigan until very recently favored legacies, and there was a long scandal of the UCs courting out-of-state kids. So it's nice to see state colleges using their taxpayer backstop to behave as they ought.
Regarding 1, state appropriations provide around 15% of a state school's income these days; there are more than happy to get donations. On the flip side, the top private schools have more than enough in their endowments to not need any tuition or donations, if they wanted.
Good point, although 15% is not immaterial.