Elite Colleges "Blind-sided" by Perceptions of Elitism

[JurisDictum]

One of the problems is regulation around endowments. It's a corruption magnet. "Oops, our donor said we had to use this money for new buildings." Apparently not one of these damn people they court want to help affordability at all though?

Stellar endowment performance for the year ending in June was led by schools heavily invested in stocks. Institutions with complex investment strategies such as Yale University, which puts more than half of its assets in alternatives such as private equity and hedge funds, generally did poorer. Tiffany Jones, director of higher education policy at the Education Trust, said most endowment wealth is concentrated in just a few schools. Some 3 percent of colleges hold 75 percent of all endowment wealth, she said, while half of all colleges with endowments above $500 million come up short in enrolling first-time Pell Grant recipients, a need-based grant.

“These wealthy institutions need to enroll and support many more of the students who face the greatest barriers,” she said.

Meanwhile, tuition at private non-profit universities this academic year was more than double what it was 30 years ago, according to the College Board, adjusting for inflation. And in 2015, the most recent year for which data is available, 58 college presidents were being paid more than $1 million. The people who run the endowments are also cashing in. In 2015, Stephen Blyth, then chief executive of Harvard University’s endowment, was making $15 million, according to tax filings. Blyth didn’t return a request for comment. Harvard declined to comment.

But yea, it is way out of line to suggest there is room for reform.

[Ahldagor]

Originally Posted by JurisDictum [You must be logged in to view images. Log in or Register.]

All you have to do is hire a god damn billing service, rent an office and listen to people at that point...that's a waste of PHD effort if you can't even drive that one home.

Edit: I just decided I'm going to switch careers to psychologist (PhD path). J/k but that's how easy it is. I could just do it in 4 years and make hundreds and hour. You just need to know how to do research and take few tests. A PhD psych program will probably take any BA/BS degree and background.

There's years of fieldwork that have to be done before you get a license too. Takes almost 8 years, average I'd say, to get fully certified. Bad example there pards.

[JurisDictum]

Originally Posted by Ahldagor [You must be logged in to view images. Log in or Register.]

There's years of fieldwork that have to be done before you get a license too. Takes almost 8 years, average I'd say, to get fully certified. Bad example there pards.

Whatever -- I over-exaggerated how fast the post-graduate education and certification would take (by 2-4 years depending on state).

IF a guy has a PHD in Psychology -- he should not be 8 years out from starting a private practice! That's the hard part isn't it?

[mickmoranis]

Originally Posted by fastboy21 [You must be logged in to view images. Log in or Register.]

you're an idiot with no actual understanding of higher education, economics, or human behavior.

you've clearly never actually gone through any meaningful educational program and you've reduced higher education to the accumulation of a piece of paper that says you are qualified to do work that any fool who bought the "idiot's guide to something" book could have done with a little effort without any "degree" needed.

if you've never had an education --- or even worse, resent people who do --- of course you don't see its value. you don't know how to see it.

Yea it’s about losing your virginity drinking and spending tens of thousands of dollars on that.

[JurisDictum]

I really want to hear a good reason why we need these top universities ATM...if they even are top at science research still (the most important form of academia). I'm talking the .025% that really just serve as gatekeepers to high-pay low-effort work of Urban America.

Lower tier universities serve the same purpose these days. Maybe always -- IDK, I wasn't alive back then to look at Harvard classrooms and ones from a typical state university. But I have -- in person -- seen the difference in teaching quality today.

In general, the top tier universities do not teach better. They are just there with a clipboard to make sure those pre-selected for success make it. There is actually very little teaching. It's just lectures, scantrons, short-answer/long-answer test questions (the best way to determine if someone actually knows something) are graded by overwhelmed graduate students that grade you based on who you sit next to in a 2-hour crunch session.

Nothing they teach at Harvard (except graduate-level stuff) is unique to Harvard (Yale, Stanford, whatever). There are some private schools that do teach things uniquely....I tend to associate this with Christian/conservative themed colleges. They don't have a great rap these days with many people inside the academy.

So why go to Harvard? Because it's a class signal: "look at me I got into Harvard." I don't hate those people for that -- but that's what it is lets not BS. Harvard doesn't create natural superiors by educating them better -- it affirms their pre-existing status as children of the elite.

It's one of the primary means of wealth entrenchment.

Another form of elite is people born with extremely rare talent and get in too. That's just as good as being born with money to an extent. These people are always helped -- it's not like America has historically kept their most talented citizens down. In yet, Harvard et al. trumpet out these people like they are proven examples of their benevolent behavior toward the less fortunate. Like they should get a round of applause for letting some poor girl with a 3.9 in that wants to major in Bio-chem. Yea -- thanks Harvard -- no one could have managed that but you.

If you find yourself lamenting the bout of criticism directed toward elite universities -- maybe you should ask yourself what kind of society you really want. What kind of "quality leadership" have these institutions been producing recently?

[skarlorn]

Barack Obama.

[Patriam1066]

Where'd bush go? Yale?

https://youtu.be/TCm9788Tb5g
LOL

[fastboy21]

Originally Posted by JurisDictum [You must be logged in to view images. Log in or Register.]

That's not what we call an argument, dumb shit. But good job showing off how intellectually immature you are.

The man on the off topic section of the p99 forum's thinks i'm intellectually immature. noted.

you're the one making the assertion, not me. i don't have to make an argument, you do. your argument is worthless...therefore, i don't have to do anything.

i do enjoy laughing at you, your stupidity, your desire to lash out at "elite universities" here on the p99 forums, your ignorance about higher education, etc.

you have no idea what you are talking about, but you probably already knew that. how could someone without a real degree in anything possibly understand the purpose or value of actual higher education? in your case, you don't.

i especially laughed when you equated getting a degree in clinical psych to essentially paying the bills and having the patience to wait a few years for your degree to arrive in the mail. clearly. no. clue.

[skarlorn]

Originally Posted by Patriam1066 [You must be logged in to view images. Log in or Register.]

Where'd bush go? Yale?

https://youtu.be/TCm9788Tb5g
LOL

In a lot of ways Bush could be considered a genius


MISSION ACCOMPLISHED

[Ahldagor]

Originally Posted by skarlorn [You must be logged in to view images. Log in or Register.]

In a lot of ways Bush could be considered a genius


MISSION ACCOMPLISHED

Trump light, then cool-balcony-smoker guy, and now Trump? For considerations of course.