<ol>
<li>"harvard college needs many times more money to fund faculty salaries, financial aid, facility construction and maintenance, and the like. for this reason, endowment per student is commonly compiled (e.g. by COHE)"</li>
</ol>
<p>My point, which you don't seem to be getting, is that each of these has value only as an entity in itself, not entity per student. The library with 15 million volumes has value as a library, not as a number of books per student. A physical facility is valuable as an entity in itself, not as a number of bricks per student. If Harvard can afford a $100 million science building for 1000 students ($0.1 million per student), that is better than Princeton getting a $50 million science building for 200 students ($0.25 million per student). Calculated expense per student does not tell whether the student can find the rare book he wants in the library or whether the science building is better equipped.</p>
<p>My second point was that the ratios were all bogus because you were dividing by the number of graduate plus undergraduate students. You did not address that.</p>
<ol>
<li>"not necessarily. all of harvard's peers are also spending "large sums of money" improving themselves. and they're not all running budget deficits like harvard."</li>
</ol>
<p>Harvard is running a deficit, or Faculty of Arts and Sciences is rather, BECAUSE it's spending money building and building. You make it sound like Harvard is throwing it all away and don't have enough to invest in infrastructure.</p>
<ol>
<li> "why is princeton the only school, five years after its initial announcement, that can eliminate all loans so that its students can and do graduate debt-free? if harvard has a bigger endowment, why can't it still match princeton?"</li>
</ol>
<p>They are just different approaches. It's not at all clear to me that Princeton's package would be equal or better than Harvard's, especially with the new policy. When I applied at least, Harvard's package was better than everyone else's, including Princeton's.</p>
<ol>
<li> "harvard's average faculty salaray is not $15,000 more than princeton's, unless of course you include harvard's higher-paid professional school faculty (bus, law, med)".</li>
</ol>
<p>Do you have the figures for non-professional faculty salaries for each school to back this up? Maybe Princeton would be an exception, but others that also have professional schools, it should be quite comparable. </p>
<p>According to American Association of University Professors, the salaries were:</p>
<p>Harvard 168,700
Princeton 156,800
Stanford 156,200
Yale 151,200
Penn 149,900
Caltech 147,800
MIT 140,300
Cornell 137,000
Dartmouth 132,400
Brown 129,200</p>