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"^Um source?" Um me
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<p>I haven't heard anything of the sort and I, uh, actually go to this school in question.</p>
<p>OUT OF TOUCH PARENT IS OUT OF TOUCH</p>
<p>Uh and I see the statement and pay the bills , and it is 20% lower this semester than last semester.</p>
<p>Ok, that's different from what you were implying.</p>
<p>BAD SEMANTICS IS BAD</p>
<p>EDIT: So I just talked to a junior who's been doing research for a while and his funding hasn't been cut. So either you're lying (doubtful) or your "D" or "S"'s research just isn't good/useful/worthy enough...?</p>
<p>Perhaps to begin with, his research wasn't as highly funded. What is this research in, where did he get his funding? What papers has he published, what poster sessions has he been involved in??</p>
<p>Edward</a> Jay Epstein: How Much Has Harvard Really Lost?
Edward Jay Epstein: How Much Has Harvard Really Lost?
Edward Jay Epstein writes in the Huffington Post that according to a source close to HMC the value lost in the Endowment is atleast $18 Billion or 50%. Takes alot of guts to accept those bonuses when you know you have just lost $18 billion.</p>
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There is no possible way they're going to cut back on need-blind admissions or guaranteed FA.
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<p>Is this old Crimson story </p>
<p>The</a> Harvard Crimson :: Magazine :: Staying Alive on the Finance Front </p>
<p>strictly history now, or could it become current events again? Financial aid for a lot of students used to consist largely of loans or work-study opportunities.</p>
<p>They'll never touch financial aid, this is the one thing that's a guarantee, as I've seen from giving various info sessions with an admissions officer to prospective students.</p>
<p>As for how the college is dealing with the lost money, we have the hiring freeze in place, and I remember reading the Crimson on how all the schools are cutting back on lavish spending, for example, faculty holiday parties this past month had no live bands and no servers (heaven forbid ;))</p>
<p>Harvard won't cut financial aid, simply because Stanford and Yale aren't, and Princeton probably won't, either. Harvard won't let them finally "win" when it's "knocked off its feet." (Its endowment will undoubtedly be larger than any one of the three.)</p>
<p>What about cash calls.
This is I found from the Parent thread</p>
<p>Quote:
Despite the size of its endowment, Harvard badly needs cash as most of its holdings are highly illiquid. Only around $6 billion of its endowment funds (as of June 08) were unrestricted, most of that also illiquid. They are also getting a number of cash calls on their private equity and venture deals forcing them to dump $ billions worth of these investments at a fraction of their cost. By the time the dust settles, the value of the endowment could drop by 50%.</p>
<p>I found it interesting that Harvard did not choose to state their outstanding capital call obligations. The annual reports I've been looking at from other schools do state them in the notes: $200 million for Swarthmore, $268 million for Williams, and so forth. With an endowment 20 times larger and a more aggressive investment strategy in alternative funds, I'm guessing Harvard's obligations are somewhere north of $5 billion.</p>