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Message: [QUOTE="Bigboote, post: 2475494, member: 7631"] I had no idea Harvard's players generated so much income. I know that's not what the author (who was it; I didn't see it) meant, but Harvard is the richest school in terms of endowment AFAIK. $34.5 billion, which works out to $54.5 million for every undergraduate (I'm assuming that most graduate students are supported by grants). Assuming one can draw 4% from the endowment and have it keep growing, they can draw out $2 million per student, or roughly 40 times what they charge for full-freight tuition. Should they charge anyone but the uber-wealthy tuition? (This is a real question, I hope it doesn't come across as combative, and I also know this is a sports board, not an economics board, but this is something I've thought about quite a bit.) I don't think Harvard is unique among the ivies in having an endowment that could offer full scholarships to all undergrads forever. Cooper Union in New York used to provide full scholarships for every student; I think there is some nominal tuition now. There's a private college in California whose name I can't remember -- it's supported by a Japanese foundation or something -- that also has a huge endowment per student. I can't remember whether they offer full scholarships for all or not. Of course, the other thing is, the athletes who generate income for the schools may provide scholarships for underprivileged students. Should a football player at Alabama be paid at the expense of ten needs-based scholarships? Of course there aren't any hard-and-fast answers. [/QUOTE]

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