<p>American public universities are doing better than those in other parts of the world. Cal, Michigan, UCLA and UVa are four of the top 10 public universities in the World and US public universities are standing their ground. Another 7 (Georgia Tech, Texas-Austin, UCSD, UIUC, UNC, Washington and Wisconsin) or so would make the top 25 list of public universities in the world. </p>
<p>The primary factor in the academic strength of US public universities is their financial stengths. Michigan’s endowment of $6 billion makes it the second wealthiest public university in the World. Cal, Texas-Austin and UVa are also among the 6 wealthiest universities on Earth. The financial stability of America’s public elite universities is the envy of the academic world. Below is a list of endowment (as of mid 2009) of some top public universities:</p>
<p>University of Cambridge $6,400,000,000
University of Michigan-Ann Arbor $6,000,000,000
University of Texas-Austin $5.600,000,000
University of Oxford $4,800,000,000
Texas-A&M University $4,000,000,000
University of Virginia $3,600,000,000
University of California-Berkeley $2,300,000,000
University of Toronto $1,300,000,000
Australian National University $1,000,000,000
University of Melbourne $1,000,000,000
University of New South Wales $1,000,000,000
University of Sydney $800,000,000
McGill University $800,000,000
University of Edinburgh $250,000,000
University of Manchester $200,000,000
Imperial College $85,000,000
London School of Economics $85,000,000
University College of London $85,000,000
University of Bristol $60,000,000
St Andrews University $50,000,000
University of Warwick $7,000,000 (not a typo)</p>
<p>Not only are US public universities much wealthier, they also raise far more money from alumni and from tuition fees. Public universities in other parts of the world are practically free for residents, whereas US public universities cost anywhere from $8,000-$10,000 for residents. </p>
<p>In this day and age, universities need a lot of money to operate at the highest levels. It is not by mere coincidence that the top 2 universities in the UK also happen to be the two wealthiest. Or that the top universities in the US all have endowments that run in the billions of dollars. Federal or state funding alone will simply not cut it anymore. American universities are much better positioned financially to maintain their academic prowess and dominance.</p>