The AVE has reported previously that the private ivies, because they subsidize tuition by merit scholarships, are actually a lot mess expensive than public schools like the UW. While the UW and its peer public ivies drift toward a financially elite status, “private ” schools like Princeton are now filling the gap by becoming low or free tuition schools supported by their endowments!
Even the Great Recession has not stopped this trend:
University borrows $250 million
By Jason Jung – June 17
Backed by an endowment that has rapidly recovered since the recent depths of the recession, the University borrowed $250 million on Wednesday through a bond auction as part of its efforts to restore capital spending over the next several years.
To add to this irony, the UW is also borrowing 1/4 billion … to build a new stadium!