EXCLUSIVE: President AndrewYang would charge Harvard at least $300 million a year to establish a university in Ohio
If entrepreneur Andrew Yang wins the presidential election, it could come with a $300 million-plus price tag for Harvard University.
But Yang has something on his education agenda that no other candidate does.* The 2020 hopeful talked toabout a proposal that's entirely unique: making Harvard fork over millions to open another campus in the United States. For some time, Harvard was in a league of its own when it came to the $30 billion mark. The school continued to dominate when it comes to financials through the 2019 fiscal year, which bumped Harvard's endowment up to $40.9 billion. One percent of $40.9 billion, the amount Yang would make them pay, is $409 million.
Details of the university that Harvard would be required to establish still have to be ironed out. Yang said it would be up to the Ivy League to decide how they wanted to approach the higher education institution, including how it would be branded. Harvard toldHowever, one detail Yang defined was that if Yale University was"fortunate enough" to join the"$30 billion club," they could also help finance additional universities.
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