Princeton has so much money that the average value per student at the school is $2.9 million dollars. Yes, million. Yes, per student.
The annual NACUBO-Commonfund Study of Endowments was released earlier today, reporting that the 25 richest colleges in the U.S. have gotten even richer in the last year, totaling a $26.3 billion increase in wealth.
“That growth in their endowments was helped by a year of healthy investment returns. The average investment return for fiscal years 2017 was 12.2% after fees,” according to Money.
A 12.2% investment return is far greater than the 7% that colleges hope for, bringing the 10-year average investment return to 4.6%, from 5% last year.
You may not be surprised to learn that many of the richest colleges are in the Ivy League.
10 Largest College Endowments in 2017:
|College||2017 Endowment||Value Per Student|
|The University of Texas System||$26,535B||$147,675|
|Princeton University||$23, 812B||$2,951,077|
|University of Pennsylvania||$12,213B||$541,389|
|The Texas A&M University System||$11,556B||$97,189|
|University of Michigan||$10,936B||$197,056|
Data from a Time/Money report.
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