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~生まれた町で夢見てきた...~
"In the city of my birth, I had a dream..."
Brother, can you spare a dime? 
5th-Jan-2010 08:42 am
a D!
The University of Cambridge contemplates selling bonds in order to finance major building projects, including renovation of the New Museums Site. (That's where my department is...and boy oh boy does it need help. It's old in there, "old" in a bad way. About the only interior architectural asset worth mentioning is the Eastlake style banisters. Plus, rumor has it that hanging out there too long might be bad for your health...particularly if you're a woman currently or someday hoping to become pregnant. Old Cavendish Laboratory? 'Nuff said.)

But would you lend them money? Bear in mind, of course, that Cambridge is not, despite the comparisons with the Ivy League, nearly as monied. It probably compares better to UC Berkeley than to Yale that way. How do they propose to honor their debts, anyway? Naming rights to every room in the UL? It's not like they can just sell off the King's College Chapel or something.

One of my alma mater's most, uhh, audible and intrusive fundraising strategies (at least of the sort directed at impoverished women like myself) is to recruit current students to cold-call alumnae. There is, needless to say, little more guilt-inducing than an untrained young person's voice on the phone begging for money. For reasons I don't recall, I told my supervisor about this. His expression at the time flickered: "Huh, that's a good idea..." Urk. I hope he forgets all~ about it.
Comments 
5th-Jan-2010 09:20 am (UTC)
It's not like they can just sell off the King's College Chapel or something.

It's lucky Cambridge is in England. Our government would certainly sell it off. Our government's attitude towards education (and everything else) is that it's up for sale to the highest bidder. I'm surprised the Great Hall at Sydney University hasn't been turned into a McDonalds yet.
5th-Jan-2010 12:59 pm (UTC)
Actually, heh, the reason why Cambridge U can't sell the King's College Chapel is because it belongs to King's College! The eagerness with which the UK universities are trying to become like their American counterparts finance-wise (the big story, of course, are the rising tuition fees) is appalling.
5th-Jan-2010 01:56 pm (UTC)
The eagerness with which the UK universities are trying to become like their American counterparts finance-wise (the big story, of course, are the rising tuition fees) is appalling.

It's very depressing to see exactly the same things happening everywhere in the world.
5th-Jan-2010 06:08 pm (UTC)
Are they threatening tuition hikes in Australia, too?
6th-Jan-2010 06:54 am (UTC)
And all sorts of similar horrors. 30 years ago we had free university education available to everybody. Now it's strictly for the wealthy.
6th-Jan-2010 03:59 pm (UTC)
Nothing like the beneficiaries of a free education pulling the ladder up behind them, eh?
7th-Jan-2010 05:16 am (UTC)
Yes, exactly!
6th-Jan-2010 11:22 pm (UTC)
Anonymous
If by Ivy League, you mean just HYP,
the big three are in a class of their own.
But if you mean the entire Ivy League as traditionally defined,
than Cambridge would come somewhere in the middle
in terms of endowment and resources.
6th-Jan-2010 11:31 pm (UTC)
If by Ivy League, you mean just HYP,

I doubt even most Americans could name the Ivy League schools past Harvard, Yale, and Princeton. :-P

I've also heard that per (undergraduate) student expenditures are *very* unequally distributed because of the college system.
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