Founded in 1848, the University of Wisconsin-Madison is a top research school that spends $1.2 billion annually on new projects. An enormous number, the research expenditure is a small portion of the university’s overall budget, a significant chunk of which is sunk into funding the school’s 9,000 individual courses, 232 undergraduate majors, and both need- and merit-based financial aid, which 59% of students receive.
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