Study in America, 2nd Edition

16

Rich Universities and the International Student

While it is true that several hundred American universities and colleges have mind-boggling budgets, international students should understand how the money is used, so they can figure whether they have a chance of getting any of that money.

Newspapers often sport headlines about the “riches” of large universities and colleges around the world—most of them in the United States. “Harvard's endowment at USD 25 Billion,” “Yale tops 15 Billion,” “Oxford and Cambridge among the world's richest universities,” “56 U.S. universities have endowments topping USD 1 Billion,” “Rich U.S. universities’ endowments exceed GDP of several countries,” and so on. all these are mouth-watering headlines and sound ...