As an example, MIT spends about 16% of its revenue on undergraduates; undergrad tuition is about 14% of revenue.* Remarkably those percentages were about the same when I was an undergraduate there 40 years ago.
Basically MIT is an enormous government research lab with a small school bolted on the side. This was a deliberate structure thanks to James Conant and Karl Taylor Compton working for the government in WWII.
* honestly I’m astonished they are willing to run that minor (and by a lot of faculty reviled) operation at a small loss.
Basically MIT is an enormous government research lab with a small school bolted on the side. This was a deliberate structure thanks to James Conant and Karl Taylor Compton working for the government in WWII.
* honestly I’m astonished they are willing to run that minor (and by a lot of faculty reviled) operation at a small loss.