In 1978, Harvard University had a $1.4 billion endowment and admitted 2,200 students to its freshman class. This year, the endowment has soared to $50.7 billion, while the freshman class has been reduced to 1,942 students. This represents a 3,521% increase in the endowment and a 12% decrease in admissions.
Check out our full video explainer, which includes insights from Massachusetts legislators who are advocating for reallocating Harvard’s endowment to support the state’s community colleges.
Harvard is the worst, in my opinion. As someone who used to live in Boston and who has connections to education, I can tell you that it’s full of elitists who show off their virtues but rely on old admissions practices. They don’t contribute fairly to Boston’s local infrastructure. Their graduates often come across as entitled and unprepared, which makes them the worst interns and new hires I’ve encountered. I prefer grads from MIT, Northeastern, or UMass instead. Now, with Harvard’s involvement in anti-Semitism and racially biased admissions practices, it’s clear that support and funding should be redirected to institutions that truly deserve it.