Time for the rich colleges to find better use of their endowments then. Berkley has three billion in endowments according to a 2011 report, I do not have current numbers. Some famous East coast schools have numbers that dwarf it.
According to Wikipedia the University of California system as a whole has over ten billion dollars in various endowment categories. More telling is they have over thirteen thousand administrative employees and just over ninety thousand academic employees. That compares to only two hundred thirty six thousand students. Gee, I wonder where the problem is? Two students per employee is a lot of money to make up
That 10 billion endowment for all the university's in California (UC,CSU,CCC) would cover less than six months of the just the University of California's (UC) operating budget before being used up. So yes it's a big number but it's also not actually all that helpful. http://accountability.universityofcalifornia.edu/index/chapt...
state educational appropriations constituted only 12 percent of UC's operating budget in 2010-11 compared to 23 percent in 2001-02. In 2011-12, the state cut UC's budget an additional $750 million.
According to Wikipedia the University of California system as a whole has over ten billion dollars in various endowment categories. More telling is they have over thirteen thousand administrative employees and just over ninety thousand academic employees. That compares to only two hundred thirty six thousand students. Gee, I wonder where the problem is? Two students per employee is a lot of money to make up