re: Rice University announces free tuition for middle income undergraduate students

quote:

---

Apparently the board is full of idiots who think that a business can slash its costs and keep the same product quality.

---

You doubled down pretty hard, didn't you? It's not a business, it's a university.

A kid who isn't good enough to be at Rice will be somewhere else, and a kid who isn't good enough to graduate from Rice...won't.

So, I still fail to see the problem here. They will get quality Rice graduates regardless.

quote:

---

If I make $125K I will have to turn down that raise.

---

At Vandy, it is an annual test meaning each year a family has to submit financial information.

Gotta raise this year? Good for you and better for the school as the families' portion of expenses increase.

quote:

---

I'm guessing this statement means no dumbasses allowed. The screening process will be more intense, probably to the point that any student admitted would already have full ride offers to multiple places.

---

Rice is an Ivy League academic level school with comparable entrance requirements. Tied for #16 with Cornell University in US News rankings of best national universities in the US. The following are the Universities that outrank Rice.

Princeton University
Harvard University
Columbia University
MIT
University of Chicago
Yale University
Stanford University
Duke University
Penn
Johns Hopkins University
Northwestern University
California Institute of Technology
Dartmouth College
Brown University
Vanderbilt University

This policy is pretty much what all the Ivy League schools do, as I understand it.

quote:

---

Degrees from those schools are worthless according to some in this thread.

---

Mostly from trolls and people without degress, I would guess.

quote:

---

They have a 5 billion dollar endowment. Just dropping that in to an average mutual fund produces 350 MM a year. They will survive.

---

They also only have 4,000 undergrad students. They have one of the highest endowment:student ratios in the country.

I worked for Rice University for a while back in the early 2000s and the endowment was huge then. They invest very smartly and own a good amount of real estate. They have a number of patents as well they collect a good amount of money from. I would love to know what the endowment was now. I suspect it grew significantly.