<p>“Adding together the $151 million in income tax savings to the $94 million in capital-gains-tax savings, the estimated $100 million in tax-induced gifts and the $75 million in research overhead, we get $420 million; dividing by 7,731 students, we get more than $54,000 per student.
$54,000 Versus $2,000
Do the same exercise for the College of New Jersey, and it appears that the school at most receives less than $600 per student in federal benefits annually. True, the college also gets state subsidies. Yet that adds up to only about $1,000 per student a year, so the total state and federal subsidies per student are less than $2,000, not even 4 percent of Princetons level.”</p>
<p>Taxpayers are subsidizing Princeton students to the tune of 50,000 a year and the CoNJ students to the tune of 2,000 a year…</p>
<p>When government budgets are so tight…there is something wrong with this picture.</p>