Universities Are Becoming Billion-Dollar Hedge Funds with Schools Attached
Would like to offer an argument that the Ivy League schools that hire hedge funds also are very good at subsidizing tuition. When I went to Princeton, only 40% of students paid the full "45k" tuition, and those were families that were so well off that they don't mind the 45k at all. I would say the average tuition paid at Princeton is closer to 20k. So there does seem to be such a correlation: rich schools -> using HFs -> make a bunch of money -> fund students from poorer backgrounds to attend the school.