@Otemachi, wrote several pages ago:
“To drastically improve its ranking Vanderbilt really needs to improve its endowment, I think, for its lowest among the four schools. After its split from the medical center, the school’s endowment is now only 3.8B.”
This is a good thread exploring multiple issues very astutely. When it comes to the size of the endowment, one has to ask: “how is that endowment going to benefit me personally.” How has a school been spending its money? At Vandy I see money being spent on things that really benefit the quality of life of students.
First and foremost, Vandy is spending on undergraduate scholarships and FA. The offer my kid received was 10x greater at Vandy than at UChicago (which has an 8 billion dollar endowment by the way); and the Ivy and LACs did not offer anything by way of merit scholarships. What good are the endowments at these other schools, if they are not going to give my high stat kid a merit scholarship and I will have to be full pay?
Second, Vandy spends on quality dorms for freshman (Ingram Commons) and quality upperclassman dormitories (some other schools like UChicago don’t supply sufficient upperclassman dormitories and the vast majority of students move off campus). My kid may not want to stay on campus for all 4 years, but I am thankful for having that opportunity with quality housing.
Third, Vandy spends on quality food. Hands down, the tastiest, most readily available (many locations) and healthiest food we sampled at any school. Lifelong habits are being formed in college and good, healthy dining should be one of them.
Fourth, Vandy’s arboretum endowment is so flush with cash (and restricted to beautifying the campus) that they are probably the only school in the country currently turning interior campus parking and roads into green space despite already having an amazingly green and beautiful campus.
Also, I look at the numbers and quality of the faculty in my kid’s areas of interest, and I am impressed.
In summary, endowment size is a very loose way to compare institutions made more relevant because of ranking systems like USNWR. Some people fret over it on other threads, viewing endowment size as absolutely crucial. I believe that Vandy is spending its money on making the undergraduate experience excellent and that makes it an excellent choice. These are probably some the same reasons that the Princeton Review lists Vandy as #1 or #2 (past two years) in “happiest students.” “Anchor Down” for these reasons and there will be many more “amazing alumni achievements” in the future.