Disappointment Down Under

Inside Higher Ed: "Recent media reports in Australia revealed that the government in Australia has now spent $227,000 for every student enrolled at the nominally private institution, compared to around $14,500 for each student enrolled at any of the city’s other three established universities, with relatively little yet to show for the infusion of public funds. Adding to the criticism is the fact that Carnegie Mellon – established in 1901, the year of Australia’s own nationhood — is among the world’s most affluent academic institutions. Carnegie Mellon’s $1.1 billion endowment is many times the equivalent for any of Australia’s better-heeled colleges, most of which complain of being perpetually strapped for cash."