<p>swiftjab: the HYPs spend combined hundreds of thousands of dollars each year sending recruiters to under-represented areas such as urban and rural districts. Their endowments allow them to surpass the need to offset losses to FA. They HYPs have the most generous FA policies extant. They honestly wish to get the diamonds in the rough and money isn’t an object. Really.</p>
<p>For instance, Yale put out a report saying that it costs them approx $90K to educate each student per year but they only take in about $40 from full paying families. So even with the millionaire’s kid, they lose $50K. Yale’s response? They want to expand to admit more kids.</p>
<p>An $18 Billion dollar endowment will allow you to make decisions like that (and this is down from $22Billion). It’s a great point of pride for the university and the alumni.</p>
<p>So swiftjab: the scale of money we’re speaking about here means little compared to the generous FA they award each year.</p>