FB: American Rivers Conference

[coocooforcoekohawk]

  Look at the size of the Grinnell Endowment. 

I may be wrong, but I believe the Grinnell endowment is so big because of amazing success through investments in the stock market.  One of the Board of Trustees is a good friend of Warren Buffet and they made a ton following his advice to invest in radio company stock.  I am not kidding.  I heard it from a source at Grinnell about ten years ago or so.

[Walston Hoover]

  Look at the size of the Grinnell Endowment. 

I may be wrong, but I believe the Grinnell endowment is so big because of amazing success through investments in the stock market.  One of the Board of Trustees is a good friend of Warren Buffet and they made a ton following his advice to invest in radio company stock.  I am not kidding.  I heard it from a source at Grinnell about ten years ago or so.

That is accurate, at least according to the Grinnell Wikipedia page. I'm heading over there later today to meet with a client. Maybe I'll have to see if I can manage their endowment 

[doolittledog]

Then your job description could read: Grinnell College Endowment Director/O-line coach 

[KCDutch]

11,500 in 1977 at 3% inflation is equal to about 28k today.

Is that how much tuition was at Wartburg in 1977?  I have know idea, but curious.

I do know this, Central's was approx. $16,000 in 1996.  In 2008 it is $31,950, increasing at 5.9325% which is a little higher than 3%.

[DutchFan2004]

11,500 in 1977 at 3% inflation is equal to about 28k today.

Is that how much tuition was at Wartburg in 1977?  I have know idea, but curious.

I do know this, Central's was approx. $16,000 in 1996.  In 2008 it is $31,950, increasing at 5.9325% which is a little higher than 3%.

I think you will find that college has out paced inflation every year.  I know I am getting old and I am not as skilled finding these facts on the net.  I am only going by memory.

[DutchFan2004]

Still need to pay the profs, janitorial services people, heating bills, yada yada yada.  But yeah, maybe $30,000 is a bit much.  I did read somewhere the average school takes out 4.5% per year from their endowment.  Chuck Grassley was trying to introduce legislation to force schools to increase that to 5.5% 

Somehow I think $48,000,000 can cover the prof's salaries. 

[DutchFan2004]

Then your job description could read: Grinnell College Endowment Director/O-line coach 

I think it would read RICH Grinnell College Endowment Director/O-line coach.

[Alfredeneumann]

Is that how much tuition was at Wartburg in 1977?  I have know idea, but curious.

I do know this, Central's was approx. $16,000 in 1996.  In 2008 it is $31,950, increasing at 5.9325% which is a little higher than 3%.


Mrs. Neumann graduated from Luther in 1980. Her senior year was the first year tuition went over $4k/ yr.

[Walston Hoover]

I have no doubt that actual tuition has out paced inflation. I was wondering about the debt load though.
Alfred-Was that just tuition, or tuition room, and board.
If that was everything, then 4 years even at 4k would make for 16k in debt (if everything was covered by student loans, which it most likely wasn't)

[doolittledog]

When I was looking at schools in 1986, Dubuque was $7,800 and I believe Wartburg was $12,000  That was the big strike against Wartburg for me...that and I thought it was too close to home for me.  I think U of Iowa was around $4,000.  I have no idea what Coe and Cornell were going for back then.  Those were the only other schools I looked at.  By the time I left Dubuque it was $12,000 but I was on that 6 year plan...I didn't take things too seriously my first year then was a part time student my last 2 years because I could afford that easier than full time tuition!!!

[Alfredeneumann]

$4k was TUITION in 1980. With scholarships, campus job and education fund set up by grandparents she came out debt free.

For all you young parents set up an account(s) with Iowa College Savings account. It's amazing how much a little put away will do in 15-18 yrs. Anyone can contribute to tax free account.

[DutchFan2004]

I have no doubt that actual tuition has out paced inflation. I was wondering about the debt load though.
Alfred-Was that just tuition, or tuition room, and board.
If that was everything, then 4 years even at 4k would make for 16k in debt (if everything was covered by student loans, which it most likely wasn't)

16K in debt in 1984 vs 100k in 2008 not sure what the inflation factor there is but sounds pretty high.  

[coocooforcoekohawk]

I believe Coe was around $11,000 or $12,000 in '88-'89

[DutchFan2004]

Didn't see the post about Tuition being $4k.  Still that is about what one class is now.  

[Klopenhiemer]

BV's large endowment numbers are a product of the Siebens family.  If anyone hasnt noticed while touring the campus.  They have there name on the school of business, fine arts, science, the fieldhouse (along with another), the American Heritage Lecture Serries, and I am sure I am missing something. 

The folk lore that I heard was that he donated all this money to the school, under the terms that he name would not be released until he died.  So there were a number of years that no one knew who this person was. 

It is my understanding after his death BV turned around and named almost everything after him.  They should have just changed the name of the university completely.  Harold Water Sieben University, or Siebens College.  That has a nice ring to it. 

I believe that the source of his wealth was from some type of invention, or inventions.  There is also another large donor by the name of Lamberti who gave a ton of money to see the fieldhouse built.  His grandaughter was a student at BV during my tenure.  I am sure she no issues with the top management