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<p>I’m pretty surprised to see this expressed by a person on an admissions-related message board. If you are in college, or planning to enroll in a college, “Them” is now “you” because the endowment proceeds support your education.</p>
<p>Anyway, I wouldn’t advise anyone get too panicked. How much this will affect financial aid and programs in the short term may be hard to determine. Schools generally determine their spending rate based on an average market value of the endowment, spread over multiple quarters (adding up to years). So endowment spending will not plunge as quickly as endowment value did. Of course, if there is a long-term depression in value, that will have a bigger effect on spending, possibly cutting into scholarship funds and other program-related spending</p>