<p>The schools with the MEGA endowments spend many times more money on supplementing operating expenses than they spend on FA grants. Exeter’s website says the tuition covers only 30% of the operating budget:
<a href=“https://secureportal.exeter.edu/supportexeter/whysupport/Pages/UnderstandingExeter’sFinances.aspx[/url]”>https://secureportal.exeter.edu/supportexeter/whysupport/Pages/UnderstandingExeter’sFinances.aspx</a></p>
<p>So the beauty of attending one of these mega-endowed schools is that you are getting much more than your money’s worth, because in essence, ALL the students (including the full-pays) are FA recipients.</p>