<p>Although not yet officially announced, the University of Michigan's endowment stood at $7.8 billion as of June 30, 2011. That's an impresive 18% jump from last year and should be good enough to keep Michigan at #6 among all US universities. Only HYPSM have larger endowments, while Columbia is the only other university that comes close to Michigan. Other than those 7, even the wealthiest of universities have endowments well below $7 billion (Penn and NU stand at $6.5 and $6.3 respectivelly).</p>
<p>Having a huge endowment is great, but I would like to see Michigan use some of that money to start meeting need-based financial aid. Building more buildings and doing more research always makes the university look better, but to remain competitive for the brightest students, especially out of state ones, Michigan needs to keep up with many of its peers in the Top 25 and step up its financial aid.</p>
<p>tranandy, that’s going to take a while. Although Michigan’s endowment is huge, it is not large enough to offer the sorts of generous aid packages that some of our private peers such as Dartmouth or Harvard can offer. For one thing, 60%+ of the students attending the university pay in-state tuition at a rate that is highly subsidized by the University. As such, reaching deeper into its pockets at this time is not wise, especially when you consider that the state is reducing its contributions to education on an annual basis. Michigan received more from the state my first year in college (1992) than they do today…and that’s not even adjusted for inflation.</p>
<p>At any rate, I believe that in due course, Michigan will be able to compete with its private peers in the domain of financial aid, but it is going to take time. Fow now, we are going to have to settle for attracting gifted students from wealthy families.</p>
<p>I thought that U. Texas and A&M Endowments were also up there, possibly above Michigan? Does anyone know where they rank?</p>
<p>UT’s endowment stands at $15 billion, but the system has over 10 campuses, 3 medical schools and 150,000 students. The Austin campus has an endowment of roughly $6.5 billion. Texas A&M does not come close to Michigan. Michigan has the largest single-campus endowment among public universities, closely followed by UT-Austin. UVa and Texas A&M are distant 3rd and Cal is fifth.</p>
<p>Wisconsin-Madison has a total endowment of approximately $4.5 Billion. Est. as follows: UW Foundation as of 6/2011-$1.8-2.0 Billion, WARF $2.0-2.3 Billion (UW’s ace in the hole), Old UW Foundation held by UW System but 90+% for Madison-$400 Million. All likely down now but so is everyone I guess.
Don’t know where that puts UW on that list.</p>
<p><a href=“http://www.warf.org/uploads/media/WARF_annualreport_final1.pdf[/url]”>http://www.warf.org/uploads/media/WARF_annualreport_final1.pdf</a></p>
<p>“Don’t know where that puts UW on that list.”</p>
<p>…considerably behind Michigan. ;-)</p>
<p>But ahead of U Minn and most of the rest.</p>
<p>Cool story bro.</p>
<p>Come on man, show some class. Wisconsin is underrated.</p>
<p>It really is. UW-Madison is a phenomenal school, for sure. I know quite a few people who decided on Madison over UM so that should show you it’s definitely a quality university</p>
<p>“Come on man, show some class. Wisconsin is underrated.”</p>
<p>Where did I say Wisconsin isn’t a great school? I was just joking with barrons. That’s what the “;-)” at the end of my statement meant.</p>
<p>Wisconsin is one of the most underrated univrsities. As good as Michigan minus the great professional schools (ie Business, Law and Medicine).</p>
<p>It is amazing though how barrons spends his life trolling CC with Wisky propaganda.</p>
<p>eziamm, barrons does not ■■■■■. He educates people on a wonderful and highly underrated university. I wish more people did the same for other underrated schools.</p>
<p>As usual, I agree with Alexandre. I have “known” him on various college and college sports boards since he had hair (and UM was a power) ;-).</p>
<p>Novi, I wasn’t referring to you in that post.</p>
<p>^^^Yes, I realized that a while ago. :-)</p>
<p>
UT-Austin and Cal don’t have medical schools. They’re on separate campuses. Apples to apples comparison, please. </p>
<p><em>Not intended as a ■■■■■ post</em> ;-)</p>
<p>There is also another very important factor that shows the stength of an institution pertaining to financial matters. Michigan is only one of seven public universities in this country that have a AAA credit rating from Moody’s. Btw, Cal is NOT one of the other six. ;-)</p>