John Paulson is giving $400 million to Harvard University for the Engineering school. What, if anything, does this mean for MIT?

John Paulson is giving $400 million to Harvard University for the Engineering school. What, if anything, does this mean for MIT?
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1 Answer

Answer :

It doesn’t mean much for MIT. The funding is to expand the department into Allston, and help its growth as the next big department at Harvard. So there may be some competition for professors. But right now it means people who can’t get into MIT can try Harvard.
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