Currently, US universities license around 3,000 patents, 3,200 copyrights and 1,600 other licenses to startups and companies. They spin out over 1,100 science-based startups yearly, creating countless products and tens of thousands of jobs.
This university/government partnership became the model other countries try to copy post WWII, though the current administration has walked away from it.
The genius of the US system was indirect cost reimbursement. The government not only paid researchers' salaries but also funded their facilities and administration costs. This was the secret sauce that built world-class university labs that attracted scientists globally, causing other countries to worry about "brain drain" to the decentralized, collaborative US ecosystem combining massive government funding for university research with private industry scaling the solutions.
Meanwhile, Britain tried a centralized approach with government labs, achieving breakthroughs but lacking the scale, integration and capital to compete in the post-war world.
sad to see the current crop of agitating political firebrands embedding into stable and tolerant education infrastructure. Also sad to see the reactionary care and feeding of authoritarianism by the Feds.. this is why we cant have nice things?
As a rule, foreign students usually pay the full cost of attending Harvard. Then there are legacy students. Many domestic students, primarily low-income or socioeconomically disadvantaged ones, get significant aid, including a full ride.
The school might have government grants so it can provide better services to all their students, but foreigners usually pay more for the same things.
That's what I have always understood as well.
It depends, at top level, what the intention is. What the US government thinks it is buying. Is it buying global improvement in research? If so, surely you just hire smartest people out there. In fact it will probably be mostly non-Americans, because even if they come from a much-better-than-average educational system, still, they are something like 4% of global population.
Ok, so let's say not this. Perhaps US govt is strictly buying (indirect) improvement to US economy. Well, a lot of these students will stay in the US, find startups, or simply become good taxpayers. Most developed countries struggle to grow or keep their societies steady, US has this funnel of highly skilled workforce - universities. Even better, since these immigrants, if they stay, won't have generated primary education costs, and if they eventually leave, also will cost less in adult life than people who stay in the US all their life.
This is about undergrads, really. Postgraduate students are more like hard, underpaid jobs. People come and go, and perform the service of churning out research for an American University.
Finally, not sure how much the US govt is paying for these foreign undergrads. Rich undergrads will have to lay a good chunk of their own fees - perhaps all, either via cash or loans they have to repay.
I'm not in any way endorsing this kerfuffle, but it's always good to be clear why you are paying for things, as sooner or later someone will challenge it.
They also spread the prestige of Harvard. If Harvard were to adopt US-only admissions, their reputation would go down, and the degree would be less valuable for the remaining American students.
I think that buying goodwill across the globe is also important for those that do not stay in the U.S. after graduation. And having educated neighbors is also important.
make it make sense!!
Is this something they stated?
But of course you already know this. You just hate Harvard because you now support Trump and Trump hates Harvard.
I was more asking why is this acceptable? If its an American university, benefiting from American tax dollars, shouldn't it primarily benefit American students?
So many things we just accept at face value and don't question. I never really thought about it before, but it's weird now that I think about it. This is necessarily a scarce resource (by design). It doesn't have to be, they could vastly grow their class size without lowering standards. But they choose not to, to maintain elite status and make their donor class happy.
If they wanted to keep their class size the same, they could probably fund it entirely through their $53bn endowment, yet they still charge 50k+ a year.
And then they have the audacity to reject thousands of qualified American kids and give their seats to rich foreign kids? Come on
> they could vastly grow their class size without lowering standards
The issue isn't the quality of the students they are accepting, but the resources to educate and house them, including classroom space, dorms, and staff.
Most of the international students at Harvard are graduate students. You can't assume they are rich because a significant fraction of those are pursuing science PhDs. At Harvard science PhD programs are fully funded regardless of the nationality of the student.
Because it gets elites from across the globe to send their children to the US, including lots of money.
serious question, why did you think your question might be dumb?