In Higher Education, the Rich Get Richer

Funding gap widens breach between Ivies, public schools
By M. Morris,  Newser Staff
Posted Dec 3, 2007 1:08 PM CST
Dartmouth College students enjoy the afternoon on the campus green in downtown Hanover, N.H. Thursday, May 24, 2007. The battle for the soul of Dartmouth is being waged in elections for the Ivy League...   (Associated Press)
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(Newser) – As Ivy League schools upgrade dorms, financial aid, and student-faculty ratios, America’s public universities are losing out, BusinessWeek reports. The "Ivy Plus" schools, which include Stanford and MIT, represent 1% of the US student population but are the richest by far. "We can add resources in almost every dimension," boasts Yale's president.

Their wealth represents a brain drain on public institutions and a testament to the widening gap between rich and poor. Last year, Stanford collected $911 million in gifts alone and spent $4 million renovating a Victorian barn where students keep their horses. Meanwhile, state schools suffered funding cuts. "The further you project into the future, the more frightening it becomes," says the Cal-Berkeley chancellor. (Read more Yale University stories.)