If your family income is less than a hundred and 25 thousand dollars a year, you don't pay tuition to come to brown. What we're seeing is that the schools with large endowments are ones who have alumni who have the means. So it is an equalizer that's really important. I'm a huge proponent for building public education. If you look at trens, the amount of funding that's coming to public institutions is just being chipped away,. especially for your publics.
Enrollment is down for the first time in memory, and critics complain college is too expensive, too elitist, and too politicized. The economist Chris Paxson — who happens to be the president of Brown University — does not agree. (Part 3 of “Freakonomics Radio Goes Back to School.”)