At Elite Prep Schools, College-Size Endowments
Despite Exeter’s expanding commitments, which include a new promise to pay the full cost for any student whose family income is less than $75,000, the school’s endowment keeps growing.
“Having a big endowment permits all the wonderful touches: computers in the classroom, trips, enriched curriculum,” said Susan Fuhrman, president of the Teachers College of Columbia University. Students at many private schools “get a much richer array of opportunities than most public schools can afford.”
This article appeared in the January 26, 2008 edition of the New York Tines.