cxvxzcv wrote:
By the way, that $5 billion endowment was $150 million in the late 1980s at which time it grew to $300 million by the early 1990s. So, it's not big because the school was founded in 1793. It grew massively, along with many other elite college endowments in the stock market booms in the 1990s and 2010s, aided very much by favorable tax writeoffs for donations. As the #1 athletic and #1 academic school in D3, Williams is doing just fine. And their financial aid is the best of any school that charges tuition. If you make under 150k, it's free and they include in the budget typical everyday expenses for financial students, so that they don't have quite as obvious a gap to all the immensely rich students there.
On compounding - the further you get along the path, the dramatically higher the returns get. It's not like Williams was behind in 1980, then invested better and got more donations. The $150 million in 1980 was also the #1 small school endowment then.
Fin Aid - yes great packages! The best part is the prep available to kids. The low income kids can come up in the summer for a 'college prep' course. They do all they possibly can to get these kids on even footing, with someone who comes from a boarding school background.
Problem at many schools is the fin aid kids just don't have the academic background and experience to compete, so they really struggle in their freshman year. Some right the ship as they learn how to use a college, but some never recover.