How Princeton is Getting Around the Endowment Tax

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Making $400k is $240k after tax. Princeton total COA is $84k. It's downright laughable that some of you think spending 35% of post tax income on one child's tuition is "easy" or a good use of money.

If you do, you either have other sources of income or are terrible with money.

Or they understand that you should have been saving in advance instead of trying to cash flow all of it.

Some of us have no generational wealth. We were busy paying for our own educations, and deposit on home, childcare etc, and then had to start putting aside something for retirement so we aren’t a burden on our kids or other taxpayers to deal with in a couple of decades. For those of you with elite educations paid for by mommy and daddy and house deposit given by grandparents, and who started your adult lives with no debt, and have a sizable inheritance coming, you can’t possibly understand what life is like for the rest of us.

Most of us are the rest of us. Who the hell has their education paid for by Mommy and Daddy and a house deposit given by grandparents and no debt? Most people have none of that.

And there's a lot of people that can't afford to go to Princeton University. Not being able to afford Princeton University is not a tragedy. People are struggling to pay the rent and bye food.

The question is why should it be free for some people and not for others. If access is an issue, of course we should give out loans. But why should some people graduate with massive loans to pay and others graduate with none? If your family doesn’t pay for college then you should graduate with a full loan to pay back that’s the same as others whose parents didn’t pay. It is not fair otherwise.

Why the heck do you even want to go to Princeton University? Princeton seems to operating in a very different value system then you. They want to offer generous financial aid. If you don't like it, don't go to Princeton. Instead of trying to change this University, find one that suits you.

They’re all going to do the same thing. Just like they all do the same thing now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Making $400k is $240k after tax. Princeton total COA is $84k. It's downright laughable that some of you think spending 35% of post tax income on one child's tuition is "easy" or a good use of money.

If you do, you either have other sources of income or are terrible with money.

Or they understand that you should have been saving in advance instead of trying to cash flow all of it.

Some of us have no generational wealth. We were busy paying for our own educations, and deposit on home, childcare etc, and then had to start putting aside something for retirement so we aren’t a burden on our kids or other taxpayers to deal with in a couple of decades. For those of you with elite educations paid for by mommy and daddy and house deposit given by grandparents, and who started your adult lives with no debt, and have a sizable inheritance coming, you can’t possibly understand what life is like for the rest of us.

Most of us are the rest of us. Who the hell has their education paid for by Mommy and Daddy and a house deposit given by grandparents and no debt? Most people have none of that.

And there's a lot of people that can't afford to go to Princeton University. Not being able to afford Princeton University is not a tragedy. People are struggling to pay the rent and bye food.

The question is why should it be free for some people and not for others. If access is an issue, of course we should give out loans. But why should some people graduate with massive loans to pay and others graduate with none? If your family doesn’t pay for college then you should graduate with a full loan to pay back that’s the same as others whose parents didn’t pay. It is not fair otherwise.

Why the heck do you even want to go to Princeton University? Princeton seems to operating in a very different value system then you. They want to offer generous financial aid. If you don't like it, don't go to Princeton. Instead of trying to change this University, find one that suits you.

They’re all going to do the same thing. Just like they all do the same thing now.

Look if you can't find a single, acceptable place to pursue a higher education in this entire globe, then I think that's on you not Princeton.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Making $400k is $240k after tax. Princeton total COA is $84k. It's downright laughable that some of you think spending 35% of post tax income on one child's tuition is "easy" or a good use of money.

If you do, you either have other sources of income or are terrible with money.

Or they understand that you should have been saving in advance instead of trying to cash flow all of it.

Some of us have no generational wealth. We were busy paying for our own educations, and deposit on home, childcare etc, and then had to start putting aside something for retirement so we aren’t a burden on our kids or other taxpayers to deal with in a couple of decades. For those of you with elite educations paid for by mommy and daddy and house deposit given by grandparents, and who started your adult lives with no debt, and have a sizable inheritance coming, you can’t possibly understand what life is like for the rest of us.

Most of us are the rest of us. Who the hell has their education paid for by Mommy and Daddy and a house deposit given by grandparents and no debt? Most people have none of that.

And there's a lot of people that can't afford to go to Princeton University. Not being able to afford Princeton University is not a tragedy. People are struggling to pay the rent and bye food.

+1. I love the DCUM rich folks whining about how other people are entitled because they can't imagine anyone poorer than themselves. Whining about how hard life is on $400K. Good grief.

[Anonymous]

Anonymous wrote:any reason to think Yale will do this too?

I fully expect them to, followed by Harvard.

[Anonymous]

Anonymous wrote:

Anonymous wrote:any reason to think Yale will do this too?

I fully expect them to, followed by Harvard.

We’ve already discussed this. Both schools are too big and have too many professional students (law, medicine, business) to get down to under 3,000 tuition-paying students.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:any reason to think Yale will do this too?

I fully expect them to, followed by Harvard.

We’ve already discussed this. Both schools are too big and have too many professional students (law, medicine, business) to get down to under 3,000 tuition-paying students.

You just need to do the math. If eliminating the tuition dollars for a lot of students is cheaper than a tax bill of several hundred million than it does make sense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:any reason to think Yale will do this too?

I fully expect them to, followed by Harvard.

We’ve already discussed this. Both schools are too big and have too many professional students (law, medicine, business) to get down to under 3,000 tuition-paying students.

You just need to do the math. If eliminating the tuition dollars for a lot of students is cheaper than a tax bill of several hundred million than it does make sense.

They could also reduce their class sizes. Yale is one of the few top schools to have have added two residential colleges and increased their undergraduate class sizes recently. I suppose that could be reversed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Making $400k is $240k after tax. Princeton total COA is $84k. It's downright laughable that some of you think spending 35% of post tax income on one child's tuition is "easy" or a good use of money.

If you do, you either have other sources of income or are terrible with money.

Or they understand that you should have been saving in advance instead of trying to cash flow all of it.

Some of us have no generational wealth. We were busy paying for our own educations, and deposit on home, childcare etc, and then had to start putting aside something for retirement so we aren’t a burden on our kids or other taxpayers to deal with in a couple of decades. For those of you with elite educations paid for by mommy and daddy and house deposit given by grandparents, and who started your adult lives with no debt, and have a sizable inheritance coming, you can’t possibly understand what life is like for the rest of us.

Most of us are the rest of us. Who the hell has their education paid for by Mommy and Daddy and a house deposit given by grandparents and no debt? Most people have none of that.

And there's a lot of people that can't afford to go to Princeton University. Not being able to afford Princeton University is not a tragedy. People are struggling to pay the rent and bye food.

The question is why should it be free for some people and not for others. If access is an issue, of course we should give out loans. But why should some people graduate with massive loans to pay and others graduate with none? If your family doesn’t pay for college then you should graduate with a full loan to pay back that’s the same as others whose parents didn’t pay. It is not fair otherwise.

Why the heck do you even want to go to Princeton University? Princeton seems to operating in a very different value system then you. They want to offer generous financial aid. If you don't like it, don't go to Princeton. Instead of trying to change this University, find one that suits you.

They’re all going to do the same thing. Just like they all do the same thing now.

Look if you can't find a single, acceptable place to pursue a higher education in this entire globe, then I think that's on you not Princeton.

Wonder what people would say if you said that same thing to black people in a segregated society. “Look, if you can’t find a single place to pursue higher education in this entire globe then that’s on you. You don’t have the right to go everywhere that others can go. Or maybe you can, but you’ll need to pay double or triple or ten times the price, and let’s see if you want to go then. Rules can change based on demographics and that’s not your business. Just go find somewhere else.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Making $400k is $240k after tax. Princeton total COA is $84k. It's downright laughable that some of you think spending 35% of post tax income on one child's tuition is "easy" or a good use of money.

If you do, you either have other sources of income or are terrible with money.

Or they understand that you should have been saving in advance instead of trying to cash flow all of it.

Some of us have no generational wealth. We were busy paying for our own educations, and deposit on home, childcare etc, and then had to start putting aside something for retirement so we aren’t a burden on our kids or other taxpayers to deal with in a couple of decades. For those of you with elite educations paid for by mommy and daddy and house deposit given by grandparents, and who started your adult lives with no debt, and have a sizable inheritance coming, you can’t possibly understand what life is like for the rest of us.

Most of us are the rest of us. Who the hell has their education paid for by Mommy and Daddy and a house deposit given by grandparents and no debt? Most people have none of that.

And there's a lot of people that can't afford to go to Princeton University. Not being able to afford Princeton University is not a tragedy. People are struggling to pay the rent and bye food.

The question is why should it be free for some people and not for others. If access is an issue, of course we should give out loans. But why should some people graduate with massive loans to pay and others graduate with none? If your family doesn’t pay for college then you should graduate with a full loan to pay back that’s the same as others whose parents didn’t pay. It is not fair otherwise.

Why the heck do you even want to go to Princeton University? Princeton seems to operating in a very different value system then you. They want to offer generous financial aid. If you don't like it, don't go to Princeton. Instead of trying to change this University, find one that suits you.

They’re all going to do the same thing. Just like they all do the same thing now.

Look if you can't find a single, acceptable place to pursue a higher education in this entire globe, then I think that's on you not Princeton.

Wonder what people would say if you said that same thing to black people in a segregated society. “Look, if you can’t find a single place to pursue higher education in this entire globe then that’s on you. You don’t have the right to go everywhere that others can go. Or maybe you can, but you’ll need to pay double or triple or ten times the price, and let’s see if you want to go then. Rules can change based on demographics and that’s not your business. Just go find somewhere else.”

There's a sticker price and some people get a discount if they qualify. Why don't you give up your income so you can qualify for the discount. You seem desperate to get this discount so investigate the rules and the guidelines and figure out how to get it.