paperpools

Over on Political Arithmetik, a post from August on age and voter turn-out.


In 2004 those 18-29 were 21.8% of the population, while those 58-69 were just 13.2%. Add in the 11.5% 70 and up, and you get just 24.7% of "geezers" over 58 vs. 21.8% of "kids". But the sly old geezers know a thing or two about voting. Shift from share of the population to share of the electorate and the advantage shifts to the old: 18-29 year olds were just 16% of the electorate in 2004, while those 58-69 were an almost equal 15.9%. Add in the 70+ group at 13.4% and the geezers win hands down: 29.3% of voters vs 16% for the young. That difference is the power of high turnout. It goes a long way to explaining why Social Security is the third rail of American politics.

Paradoxically, it is precisely the meager financial aid outlays of endowment-rich colleges and universities that make the true miserliness of low payout practices most apparent. Stanford University spends $76 million on undergraduate financial aid, a sum that sounds generous but amounts to a mere 0.5 percent of the value of its endowment. The university spends just 4 percent of its $14 billion endowment toward operating expenses. If the 5 percent payout rule required Stanford to spend another 1 percent of its endowment, and that money was directed toward financial aid, students would enjoy $211 million in additional support. That is precisely the cost of letting all 6,600 Stanford undergraduates attend tuition-free.

from a piece by Lynne Munson on student debt at InsideHigherEd.com

a commenter gave a link to this piece by Phillip Greenspun arguing for tuition-free-MIT