<p>Its a cool gift, but too bad the undergrads won't get to benefit much from it. Over here at Brown we're all enjoying Sidney Frank's $120 million dollar gift very much.</p>
<p>I share your sentiments. For the life of me, I can't see why Roger Dooley played this up so big. It has virtually nothing to do with undergraduate life - unlike Brown's Grey Goose money. </p>
<p>Thousands of PhD students enjoy tuition waivers all over the country - and have for years.</p>
<p>Hey, MoatToMoat, do you have any access to your post where you answered questions about Brown? I wanted to re-read it, but it's long gone from the Brown page.<br>
-I applied early to Yale but Brown is becoming my first choice more and more as of late.</p>
<p>er, sorry, no. check the archives maybe?</p>
<p>and byerly, its not just grey goose. he imports jagermeister too!</p>
<p>But the charitable contribution offset part of the profit from the sale of Grey Goose.</p>
<p>A couple of misconceptions which Curtis and Yale don't want to hear-- Curtis and Yale's financial offerings remain inferior to Colburn's, in LA, which pays room and board in addition to full tuition. Also, the Bard Conservatory offers de facto the same deal, as they admit very very few students and all or nearly all receive full scholarships, at least at present while the conservatory is getting on its feet. Juilliard's DMA programs are all tuition-free too, and NEC's AD, but that's not so important as relatively few musicians want or need anything beyond an MM.
Curtis's acceptance rate is NOT below 5%. It hovers between 6-8%.</p>
<p>Byerly, if you were a musician you would understand. Musicians on the whole make very little money, but most good music schools have meager financial aid, so many musicians begin their careers crippled with debt that they have little hope of repaying with the skills they paid to aquire. For example, my friend Jen Chen, a flutist quoted in a few of the articles about Yale's new scholarships, had $20000 in outstanding student loans at the completion of her MM. She borrowed another $10000 in her first year as an Artist Diploma student at Yale. By most standards, that's a lot of debt, but not crippling if you are, say, a law or med school student. But to pay off such loans in a timely fashion, you must earn about $55000/year; many fine musicians earn about half that. Yale's new progam is an important step forward in making musical education feasible for the non-independently wealthy-- a demographic which, due to the problems I've just named, still dominates the musical world.</p>
<p>By the way, there's a rumor floating about that the donor is the founder of E-Bay. No idea if it's true.</p>
<p>If that's correct, he just donated a hundred million to Tufts as well.</p>
<p>Hmmm.... seems unlikely that he would be anonymous at one and named at the other. And that's some serious philanthropy!</p>
<p>OK, lets start the weeding out process.
I hereby SWEAR I did not donate $100,000,000 to Yale.
No judgement implied. I love Yale.
Who's next?</p>
<p>Regardless of that money, Yale's music dept. is awesome</p>
<p>I have a feeling it was the Save the music Foundation, or in other words my fav. steve vai. I am so taking advantage of this. yea... im not 25. im about 3 yrs more than half that =). This is what colleges need, to provide for the <em>poor</em> and <em>minorities</em> that don't have the $$$ to get in. let alone the correct teaching to even consider scholarships.</p>
<p>ok..is this the year for anonymous donations??</p>
<p>i know some other schools that have received generous donations, but nothing like $100 million.</p>
<p>Is there a corrolation? Competition to outdo another's donations? Or does this happen annually?</p>
<p>how long do you think the money will last? I'm still 4 years away (at least) from grad school...hee hee
~Dianne</p>
<p>I was running the numbers. If Yale Music has 300 students, and tuition is $33,000 per year, that's 10 million dollars a year. If the hundred million gets invested at, say 7% a year, it would take them a long time to eat up the whole thing!</p>
<p>7% a year? Yale's endowment grows closer to 20% per year. The money will last forever.</p>