Some more thoughts in the Bloomberg gift to Hopkins.
1. The NYT headline is misleading. This is a $1.8B investment in an extraordinarily gated and rich university. Not in college affordability.#RealCollege
2. Hopkins has an acceptance rate of 10-13%. That’s not because of its price. It’s because it enjoys being small and gated, and believes “merit” isn’t about family money - but it is about test scores, grades, and access to rigorous coursework. Too bad research shows the opposite.
3. Giving this sort of money to Hopkins doesn’t push the institution to promote social mobility as it does nothing to change how it does admissions. In fact it lets the people allocating the more than $3B existing endowment off the hook. No accountability.