In annual letter, Eisgruber defends tax-exempt endowment, DEI, and institutional restraint

January 30, 2025 1 min read

1 Comment

Hayk Yengibaryan and Christopher Bao
Daily Princetonian

Excerpt: In his annual State of the University letter published on Jan. 29, University President Christopher Eisgruber ’83 defended the University’s endowment, its diversity, equity, and inclusion (DEI) efforts, and institutional restraint. Though his letter does not, according to him, address the recent orders and policies from the Trump administration targeting universities, much of what Eisgruber wrote addressed attacks on higher education in recent years.

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1 Response

Dennis Doherty
Dennis Doherty

February 07, 2025

I continue to be amazed that Princeton is sitting on a $34.1B endowment fund while arguing in favor of taxpayer-funded student loan relief. In a previous note in the Alumni magazine, President Eisgruber lamented the lack of support for taxpayer-funded relief of student loan debt for those who had not finished their degree programs.

IMHO, Princeton has been part and parcel of the abuse of the well-intended student loan program which enriched both the banks and the universities. It was intended to enable more students to be able to manage the costs of higher education but, along with the increased demand came increased tuition, a windfall for Princeton among others. I guess that’s just capitalism – it’s a business. And the down side of that was that in many cases, young people cam out with degrees that would not lead to career paths that would easily enable them to repay those loans – a reflection on the poor quality of student advisement while young and frequently uninformed students took on a financial burden in many cases comparable to a house mortgage.

And then to argue that the taxpayers should bear this burden! While Princeton sits on a $34.1B endowment! I am stunned at the audacity of demanding carpenters, plumbers, laborers, etc., pick up the bill for Princeton’s greed!

Again, IMHO, the students do indeed deserve student loan debt relief – but at the cost of the banks and universities that abused such a well-intentioned program.

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