Description: Stern would give everyone at the Yale school of architecture financial aid.

Question: If you had $100 billion to give away, how would you spend it?

Transcript: I would give it to the Yale School of Architecture.  Starting there so that I would put all the students who need to be on financial aid, which is a huge problem.  And it sounds trivial and parochial, but it is a monstrous problem.  And I would spend some more money on training architects.  And then I would sit back and think about what would be the next thing to do.  I don’t know.  The thought had not exactly crossed my mind.  But a smaller amount of money would . . .  We’re working for a $100 million right now, and it would solve our financial aid problem at Yale.  And you know in terms of the narrow focus of education, which I do spend a lot of time on, that is the big problem.  We have these wonderful, prestigious universities.  They are the best in the world – the Ivies and their equivalents.  And we’re charging students much too much tuition in terms of what they can be expected to realize in their professional lives.  And that’s . . .  And we burden them and we send them out into the world with not the . . . not the high ideal . . . with the high ideals we’ve imbued in them and the skills, but with this kind of two ton gorilla on their back called debt.

Recorded on: 12/5/07