Yale announced this week that it’s going to spend $4 million a year to send New Haven public school graduates to Connecticut public colleges and universities. Huh? Instead of spending that money recruiting, enrolling, and helping those students pay for an opportunity to go to Yale, Yale is going to pay other colleges and universities to do it for them.
My favorite quote: After the students graduate somewhere else, they can find jobs at Yale, and then, says Yale President Richard Levin, “A great life can be yours in this great community.” But not, you know, at Yale itself.
I don’t mean to knock the entire premise of the scholarships. It’s absolutely a good thing that college will be more affordable for more students. But c’mon, isn’t Yale better positioned to use that money to provide guaranteed tuition for 75 New Haven public school graduates each year? Surely Yale can think of better ways to spend its $17 billion endowment on improving college access at Yale itself. Only 13 percent of its students are low-income. It couldn’t afford to up that a notch?
More explanation on the program here.