<p>My goodness, baghdad, you have gone off the handle. Endowment/undergrad means “$ of endowment divided by number of undergrad students”. This keeps us from crediting, say, Boston University with a higher endowment than Miami because even though its total endowment is slightly higher, it has 70% more students to serve with that endowment. It has nothing to do with your rather fantastic ventures into class warfare, which are particularly silly considering I have kids in both private secondary school and private college.</p>