Nick and Jack

But instead, the universities use just the returns of the endowment to subsidize tuition, pay financial aid, pay the professors, do the operating costs. Turns out most students at Harvard pay way less than what it actually costs the university to educate them because the endowment pays the difference.

But instead, the universities use just the returns of the endowment to subsidize tuition, pay financial aid, pay the professors, do the operating costs. Turns out most students at Harvard pay way less than what it actually costs the university to educate them because the endowment pays the difference.

But instead, the universities use just the returns of the endowment to subsidize tuition, pay financial aid, pay the professors, do the operating costs. Turns out most students at Harvard pay way less than what it actually costs the university to educate them because the endowment pays the difference.

So to update what we said before, a university is basically a hedge fund that subsidizes education. So when you think about Harvard's battle with President Trump and you think about the endowment, Here's the important clarifier. You don't spend the endowment, you only spend the returns. For our second story, we are right in the middle of Coachella, the nation's largest music festival.

So to update what we said before, a university is basically a hedge fund that subsidizes education. So when you think about Harvard's battle with President Trump and you think about the endowment, Here's the important clarifier. You don't spend the endowment, you only spend the returns. For our second story, we are right in the middle of Coachella, the nation's largest music festival.

So to update what we said before, a university is basically a hedge fund that subsidizes education. So when you think about Harvard's battle with President Trump and you think about the endowment, Here's the important clarifier. You don't spend the endowment, you only spend the returns. For our second story, we are right in the middle of Coachella, the nation's largest music festival.

But Coachella attendees aren't paying in cash or card, or buy now, pay later either. No, no, no, no, no. They're on payment plans. It's a third way to pay. And we'll break it down. But Jack, let's look at the history books here. 2018, you had Beyonce. Last year, you had Sabrina Carpenter. Okay, who we got on stage this year over at Coachella?

But Coachella attendees aren't paying in cash or card, or buy now, pay later either. No, no, no, no, no. They're on payment plans. It's a third way to pay. And we'll break it down. But Jack, let's look at the history books here. 2018, you had Beyonce. Last year, you had Sabrina Carpenter. Okay, who we got on stage this year over at Coachella?

But Coachella attendees aren't paying in cash or card, or buy now, pay later either. No, no, no, no, no. They're on payment plans. It's a third way to pay. And we'll break it down. But Jack, let's look at the history books here. 2018, you had Beyonce. Last year, you had Sabrina Carpenter. Okay, who we got on stage this year over at Coachella?

Lady Gaga, LL Cool J, and randomly, the whole cast of White Lotus appears to be there. If Patrick Schwarzenegger hands you a lorazepam, watch out. You don't want to take that thing. Even Bernie Sanders is like the political headliner this year. Apparently Bernie is a Briggs Sabrina Carpenter espresso fan. Who knew? Coachella, the 32-year-old music fest just outside LA.

Lady Gaga, LL Cool J, and randomly, the whole cast of White Lotus appears to be there. If Patrick Schwarzenegger hands you a lorazepam, watch out. You don't want to take that thing. Even Bernie Sanders is like the political headliner this year. Apparently Bernie is a Briggs Sabrina Carpenter espresso fan. Who knew? Coachella, the 32-year-old music fest just outside LA.

Lady Gaga, LL Cool J, and randomly, the whole cast of White Lotus appears to be there. If Patrick Schwarzenegger hands you a lorazepam, watch out. You don't want to take that thing. Even Bernie Sanders is like the political headliner this year. Apparently Bernie is a Briggs Sabrina Carpenter espresso fan. Who knew? Coachella, the 32-year-old music fest just outside LA.

And this year's Coachella, it's set a record. It's the hottest Coachella ever. Literally. Like literally.

And this year's Coachella, it's set a record. It's the hottest Coachella ever. Literally. Like literally.

And this year's Coachella, it's set a record. It's the hottest Coachella ever. Literally. Like literally.

The temperature hit 102 at one point last weekend. The makeup was melting off your face over at Coachella. But from a business perspective, it's not the hottest Coachella. Because once again, tickets are not sold out. But with 200,000 attendees, it's still the largest music festival in America, according to Billboard. And here's what Jack and I found so fascinating.

The temperature hit 102 at one point last weekend. The makeup was melting off your face over at Coachella. But from a business perspective, it's not the hottest Coachella. Because once again, tickets are not sold out. But with 200,000 attendees, it's still the largest music festival in America, according to Billboard. And here's what Jack and I found so fascinating.

The temperature hit 102 at one point last weekend. The makeup was melting off your face over at Coachella. But from a business perspective, it's not the hottest Coachella. Because once again, tickets are not sold out. But with 200,000 attendees, it's still the largest music festival in America, according to Billboard. And here's what Jack and I found so fascinating.

The headliner of Coachella this year isn't a musical act. It's actually a payment method. Because get this, 60% of Coachella tickets were purchased with payment plans. We should sprinkle on some context here, Jack. Payment plans are not buy now, pay later. But they are the secret way that music festivals are becoming attainable to Gen Z. Jack and I call this concept payback.

The headliner of Coachella this year isn't a musical act. It's actually a payment method. Because get this, 60% of Coachella tickets were purchased with payment plans. We should sprinkle on some context here, Jack. Payment plans are not buy now, pay later. But they are the secret way that music festivals are becoming attainable to Gen Z. Jack and I call this concept payback.