Why do taxpayers help private schools
I live in the real world and have to ask why are the US taxpayers sending billions of dollars in grants to private and Ivy League schools. Harvard has a $50 billion endowment. Columbia has a $15 billion endowment. Yale has $41 billion endowment. While NYU is not Ivy League, it has $7 billion endowment. Note that Hillsdale college in Michigan refuses federal funding and succeeds at a very high level.
So why are US taxpayers supporting these ultra-rich billionaire schools. The national average tuition for an in-state school is around $11,000 a year. If you were to take the $2 billion this year from Harvard and send to HBCU and state schools it could pay tuition for 181,000 students for a year.
Imagine 181,000 students not having $50,000 to $60,000 in student loans when they graduate?
So, I ask my liberal neighbors why are you supporting billionaires instead of your own kids?
Tony Atkins
Wheaton