For-Profit Medical Schools

[ss20ts]

I'm well aware of how endowments work. Sitting on $40 BILLION is pretty ridiculous. Oh and read up on that tuition if a family earns less than $125K. It's not as wonderful as it sounds. You also have to be accepted into Harvard. They are extremely selective. Even transferring there is ridiculously difficult. There's no need to put them on a pedestal. They're a business making a profit. All colleges are businesses and they're all making a profit. Being a nonprofit does NOT mean that you don't earn a profit.

You get a great deal of exemptions such as property taxes. Local communities struggle in many college towns because the colleges will own a crapton of the town and pay $0 in taxes. They'll also be the ones using the police and fire departments more than the rest of the town combined. All for FREE! I speak from experience because this is a MASSIVE problem in the city next to the town I live in. Even something that seems minor such as police directing traffic because of their football games costs the city tens of thousands. The college pays $0 for that service! This college owns 197 buildings in the city and pays $0 in property taxes because it's nonprofit. Now if it was a for profit school, it would be paying millions in property taxes. Meanwhile, they also sit on a multimillion dollar endowment which just enrages the locals who are paying property taxes for services that the college receives. This is how it works in many college towns across the nation. It's pretty disgusting.