| Deugea, Southern schools don't have huge endowments because the South was used as a colony by the North after the Civil War and was poor until after World War II. Endowment size is a reflection of old money, held over time to grow it, and without the interference of, say, having your wealth destroyed in the 1860s without its resumption of growth until 1950. Florida in recent years has had more National Merit Scholars enrolling than either Harvard or Yale in recent years, (I went to Yale, btw) and part of that is because schools like Harvard wouldn't get off their precious endowment wallets to give significant scholarships for National Merit Scholars, (my son's was worth only a few thousand dollars, a drop in the bucket these days) while state schools like Florida let out of state students use them to get in-state tuition. Harvard's endowment is so big it could easily allow every undergraduate to go there for free by committing maybe $5 billion to a fund endowing that, but it hasn't done that. |
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