<p>on the endowment issue:</p>
<p>schools like harvard, Yale, etc are in trouble because they use anywhere up to 30% of the funds generated by the endowment to fund school expenses.</p>
<p>Other schools, like Duke (10-12%??), Johns Hopkins (4-7%), and small LACs that often use less than 3% of their endowments to fund their works will be in less trouble because of their overall higher dependence on tuition instead of depending greatly on endowment for funding.</p>