<p>True, but a lot of the wealthy NYU undergrads pay sticker price anyway. I just don’t see why they can’t be a little better at meeting EFC. Well, that’s life I guess. :p</p>
<p>Are you CAS economics or stern economics?</p>
<p>CAS econ, not definite though.</p>
<p>Harvard has had an endowment for over 375 years. Their recent crisis was one of liquidity, greed and 25% reduction on their endowment, but even then, they continued to have the largest endowment in the US by far. Although they have been giving scholarships for over 200 years, they only covered 100% of financial need until 2008. </p>
<p>NYU was broke and had to sell part of its campus twice in the 70’s, when they also lost their little endowment to survive. The two crisis ('73 and '78) taught them how to be greedy. The mantra became “grow or die”. </p>
<p><a href=“http://www.nyu.edu/classes/jepsen/chronicleSep2702.pdf[/url]”>http://www.nyu.edu/classes/jepsen/chronicleSep2702.pdf</a></p>
<p>Even if NYU was very generous and gave 4% (i.e.: sustainable interest) to all their undergraduates, they will be giving very small amounts of FA. Although money is fudgeable, endowments are restricted for use by their donors, and besides students, there are graduate and professional students. Endowments are to strategically grow and sustain an University.</p>
<p>…millions…students…thousands…thousands
University-----------2010 Endowment … UG St----- EDW/UG —4% of EDW/UG
Harvard University … $27,557.00 … 7181 ----- $3,837.49 ----- $153.50
MIT ------------------ $8,317.00 ------ 4232 ----- $1,965.26 ------ $78.61
Johns Hopkins University - $2,220.00 ---- 4744 ------ $467.96 ------ $18.72
New York University ----- $2,370.00 ---- 21638 ------ $109.53 ----- $4.38</p>
<p>Based on: wikipedia stats of UG and Endowment (EDW) accessed today
Check: [List</a> of colleges and universities in the United States by endowment - Wikipedia, the free encyclopedia](<a href=“http://en.wikipedia.org/wiki/List_of_colleges_and_universities_in_the_United_States_by_endowment]List”>List of colleges and universities in the United States by endowment - Wikipedia)</p>
<p>If any, they have not been effective at communicating these numbers.</p>
<p>Good post, Abraxas. It’s true, for Tier 1 schools, NYU actually has the lowest endowment per capita, meaning that while we may (doubtful) have a larger gross endowment than Ivies and other prestigious schools, it is smaller per person so we each see less. Which brings up the whole issue a lot of kids here have where it’s like we’re not competitive enough as a school to admit only the highest-quality applicants and will never approach Ivy status. We got listed as one of the “new Ivies” last year in some major educational publication but I don’t really see us going down that road until we straighten up our admissions policies, which to me seem based more on financial necessity than stringent academic standards.</p>
<p>Pnw, I agree, Stern is without a doubt the most financially viable degree you can earn from NYU. Tisch is probably a more competitive program to get into (#1 nationally, after all, but don’t dare tell anyone I said that) but let’s be frank, half the kids there are honest enough to say “Yeah, we’re gonna be tomorrow’s starving artists.”</p>
<p>Although if the kid is looking at CAS econ, there are plenty who’ve broken into high finance with that degree. I’ve met people at networking events and superdays with both Morgan and Goldman who came from CAS econ, so it without a doubt can be done. It’s just harder without the Stern name/connection.</p>