Ivy League Colleges have Big Endowments, about $2 Million Per Student

, Spencer Irvine, Leave a comment

From the Wall Street Journal:

As of 2014, the eight Ivy League schools had 58,982 undergraduate students and total endowment funds on hand of about $117 billion, according to a study from OpenTheBooks. That works out to roughly $2 million per student. Yet between 2010 and 2014, according to the same study, these schools received some $30 billion of taxpayer contracts, grants, direct payments, student assistance and tax exemption. In other words, federal cash and subsidies over that time averaged nearly $102,000 per student each year.