Not sure how practical it is to cut subsidies for loans right now given the problems many students…
Francois Galante
21

With $500 mil/university, my thought would be to use $100-$200 for endowment, $100-$200 for construction and startup costs, and then use the remaining $100-$300 to cover operational costs for the first few years while tuition revenues lag. The goal would be zero permanent revenue support. They’d be, in budgetary terms, private universities.

Like what you read? Give Lyman Stone a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.