OpenTheBooks Substack β’ 241 implied HN points β’ 15 Nov 23
- Wealthy universities like Harvard received $45 billion in federal payments, tax breaks, and subsidies over the last five years.
- Top universities prioritized securing federal contracts and grants over student tuition, with $33 billion flowing to them annually.
- Elite universities also benefited from special tax treatment benefits on endowment gains and additional government subsidies.