- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: NYU will offer free tuition for all its medical students
Posted on 8/17/18 at 10:22 am to Warfarer
Posted on 8/17/18 at 10:22 am to Warfarer
quote:
So would be roughly 36 to 37 million a year to fund it. With a 600 million dollar endowment, it would need an average return of 6 to 7% to run indefinitely.
And this is assuming the school charges the endowment full price. I’d bet the school ends up charging 80% of that price, which would only require a 5% return, very manageable
2
Posted on 8/17/18 at 10:23 am to S
quote:
I’ll be sending S jr. to Johns Hopkins.
Little S is going to be a working stiff huh?
Good on you for not letting him lapse into the plague of generational wealth, S
Posted on 8/17/18 at 10:25 am to Upperdecker
quote:
. I’d bet the school ends up charging 80% of that price, which would only require a 5% return, very manageable
Cooper Union did it for decades before finally fricking it up with bad investments. I would imagine their pool of benefactors aren't on the level of NYU medical's.
Posted on 8/17/18 at 10:26 am to Warfarer
quote:Not bad
So would be roughly 36 to 37 million a year
I don't know why but at $55k/year and 657 students, before I did the math I just assumed that number would be way higher so I thought that $600m wouldn't be sufficient, but it looks like it can be, or closer than I thought originally.
Posted on 8/17/18 at 10:27 am to shel311
I would think they probably did the math.
Posted on 8/17/18 at 10:30 am to fightin tigers
Posted on 8/17/18 at 10:30 am to Warfarer
[quote]
I mainly meant in general. As long as they aren't dumping taxpayer money into this stuff then I am fine with it.
[/quote
Well im sure they thank you for the green light
I mainly meant in general. As long as they aren't dumping taxpayer money into this stuff then I am fine with it.
[/quote
Well im sure they thank you for the green light
Posted on 8/17/18 at 10:34 am to Warfarer
quote:
it would need an average return of 6 to 7% to run indefinitely.
7% ROI is a conservative figure. I doubt they have trouble meeting that.
Posted on 8/17/18 at 10:35 am to shel311
I’d imagine that since the funds are now in house the cost will plummet by upwards of 20% as there is no need to offset scholarships with full tuition
Posted on 8/17/18 at 10:35 am to Upperdecker
quote:
I’d bet the school ends up charging 80% of that price, which would only require a 5% return, very manageable
You'd be surprised how poorly endowments are run. They often try to outthink themselves and get burned.
That being said, NYU's endowment has returned 6.3% annualized in the 15 years ending 8/31/2016, which beats their benchmark.
Posted on 8/17/18 at 10:54 am to slackster
quote:
You'd be surprised how poorly endowments are run. They often try to outthink themselves and get burned.
Post 2008 - most, if not all, major universities have reigned in any "non-traditional" investments. They're typically well diversified and managed for the long-haul now.
You rarely see them "investing" directly in retail/tourism/etc.
Posted on 8/17/18 at 10:56 am to Warfarer
I hear the guys behind movie pass are behind this. But other schools do this provided you do not go into a specialty but become a general practitioner
This post was edited on 8/17/18 at 11:01 am
Posted on 8/17/18 at 10:59 am to Mr Wonderful
I’m certain the school has a large enough endowment to do so
Posted on 8/17/18 at 11:26 am to Upperdecker
quote:
I’d imagine a lot of students capable of going to Harvard and going into debt would rather go to NYU for free
Harvard has a enormous endowment available to give away, only around 20% of undergrads pay full price to attend. The rest attend for free or pay greatly reduce tuition based on need, 100%graduate debt free, I believe they have similar financial assistance available for their medical school.
Posted on 8/17/18 at 11:45 am to RedRifle
(no message)
This post was edited on 10/1/20 at 10:39 am
Posted on 8/17/18 at 11:59 am to EA6B
quote:
The rest attend for free or pay greatly reduce tuition based on need, 100%graduate debt free
I have a hard time believing this?
A couple things, first off how many that go to NYU become general practitioners? Why would a great school be proud of the easiest profession? Should schools like NYU not concentrate on pumping out specialists and let lower level schools pump out general practitioners? I guess the local girl from NOLA that wants to have the New York experience can go to NYU for free instead of being at the top of her class at Tulane or something now.
Lastly, just because NYU is private does not mean the med school is all privately funded. Pretty sure most med schools get a huge amount of public funding.
Posted on 8/17/18 at 12:07 pm to dixiechick
quote:
Gotta be strings attached to this. No way it’s “free”.
Is it really so hard to believe an endowment can pay for these things?
Granted, given where LSU's endowment is, I guess I can understand the skepticism.
Posted on 8/17/18 at 12:09 pm to Golfer
quote:
Post 2008 - most, if not all, major universities have reigned in any "non-traditional" investments. They're typically well diversified and managed for the long-haul now.
The LSU Foundation had a sub 2.00% annual return in the 3 years ending in 2016.
Posted on 8/17/18 at 12:12 pm to GrammarKnotsi
quote:
this..imagine the talent of the competition that wouldn't have considered them originally
Most top candidates consider them. They're elite elite.
Posted on 8/17/18 at 12:14 pm to SPEEDY
quote:
You have to be able to get accepted into NYU medical school
You mean a like a merit based acceptance program? How fascist and un-American.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News