<p>“Often these large endowment schools have most of their money locked up in illiquid assets such as venture capital, hedge funds, timber etc so they can’t easily sell assets to get operating money from the principal of the endowment. As a result many of these schools have had to borrow big just to avoid more cuts than they are projecting.”</p>
<p>Sounds like irresponsible and erratic management. </p>
<p>Look, I completely reject the notion that the Ivy’s are going to hurt more than the publics, that is an absolute joke and indicative of the mentality that has but this nation in the position that it is in. But if we want to be Darwinian Capitalists about this, then I guess these institutions are doomed to fail because of their lack of intelligent management. Oh well. Anyway, they only account for a tiny portion of the country’s students. I am more concerned about the 262,000 students not a few elites.</p>