Tufts new tuition free policy

[Anonymous]

Anonymous wrote:

Anonymous wrote:Take those fancy vacations, buy the nice car and splurge on great dinners - those who are fiscally responsible and save for college are "punished."

So many of these grand proclamations are so performative. I am very supportive of a diverse student population, including socioeconomic diversity. But I feel like these schools are going overboard with these special programs.

And if the endowment tax ends up kicking in, they might want to very quietly reverse some of them.

I’m starting to feel ticked off as well as I see more & more schools do this.

If this ticks you off maybe have your kids apply to schools they can afford. They don’t need to go Tufts or schools with the same policies.

[Anonymous]

Anonymous wrote:Take those fancy vacations, buy the nice car and splurge on great dinners - those who are fiscally responsible and save for college are "punished."

So many of these grand proclamations are so performative. I am very supportive of a diverse student population, including socioeconomic diversity. But I feel like these schools are going overboard with these special programs.

And if the endowment tax ends up kicking in, they might want to very quietly reverse some of them.

This is not a “special program.” People who can’t afford college, can’t afford college. As in, people who don’t have 90k/year and don’t make 100s of ks per year will not have the funds to go to the college at all. A person making $85k can be fiscally responsible all they won’t- they just won’t be able to afford tufts without starving.

It usually goes that a fancy alum gives them money for financial aid, so they spend money on financial aid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Take those fancy vacations, buy the nice car and splurge on great dinners - those who are fiscally responsible and save for college are "punished."

So many of these grand proclamations are so performative. I am very supportive of a diverse student population, including socioeconomic diversity. But I feel like these schools are going overboard with these special programs.

And if the endowment tax ends up kicking in, they might want to very quietly reverse some of them.

I’m starting to feel ticked off as well as I see more & more schools do this.

If this ticks you off maybe have your kids apply to schools they can afford. They don’t need to go Tufts or schools with the same policies.

They are. Obviously! That is not the point.

It’s a philosophical question. Why should a family that earns $150k get full tuition when a similar student at $200k or $250k or even $300k does not.

And let me tell you, the difference between $150k and 250k is not very much in practical terms.

As you’re thinking about the wealth gap, with an ungodly number of millionaires and now billionaires, families that earn $150k $250k, they’re in a similar boat, and yet the $250k families are treated as if they are just as rich as the millionaires. It’s absurd.

And so I am ticked off at that. My child will not be applying to any of these schools due to the price tag. But it’s an upside down world we live in, that’s for sure.

[Anonymous]

Anonymous wrote:
And let me tell you, the difference between $150k and 250k is not very much in practical terms.

This is incredibly out of touch.

[Anonymous]

Anonymous wrote:Of all schools, Tufts has by far the largest number of students/alums with chips on their shoulder about not getting into Ivies. They tend to be really insufferable about trying to show how smart they are and that they should have gone to an Ivy but fate intervened and prevented it from happening.

My kids go to school with a few children of Tufts alums and they are the worst helicopter parents, and most likely to brag about how smart their kids are.

+Many

[Anonymous]

What's Tufts?
American is way better.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Take those fancy vacations, buy the nice car and splurge on great dinners - those who are fiscally responsible and save for college are "punished."

So many of these grand proclamations are so performative. I am very supportive of a diverse student population, including socioeconomic diversity. But I feel like these schools are going overboard with these special programs.

And if the endowment tax ends up kicking in, they might want to very quietly reverse some of them.

I’m starting to feel ticked off as well as I see more & more schools do this.

If this ticks you off maybe have your kids apply to schools they can afford. They don’t need to go Tufts or schools with the same policies.

They are. Obviously! That is not the point.

It’s a philosophical question. Why should a family that earns $150k get full tuition when a similar student at $200k or $250k or even $300k does not.

And let me tell you, the difference between $150k and 250k is not very much in practical terms.

As you’re thinking about the wealth gap, with an ungodly number of millionaires and now billionaires, families that earn $150k $250k, they’re in a similar boat, and yet the $250k families are treated as if they are just as rich as the millionaires. It’s absurd.

And so I am ticked off at that. My child will not be applying to any of these schools due to the price tag. But it’s an upside down world we live in, that’s for sure.

Well because this is not a philosophical question at all but a fiduciary one at its core. Princeton receives money from wealthy alum who gives to the institution for financial aid. There’s a certain limit they create, because student fees still go towards different things, so collecting that revenue pays for those things. More donations => higher cap.

[Anonymous]

Anonymous wrote:But most colleges offer a program like this. Harvard's is HHI less than $100K. Princeton's is $150K but covers meals, dorms, books and supplies which Tufts does not. Note that Tufts's tuition is $93,182, and the offer announced today does not cover meals, dorms, books, or supplies for students with HHIs exceeding $60K. Consequently, these students will still need to cover $22,500, even if the tuition of $71,982 is waived. For some families, that is insurmountable. At Princeton, those fees will be covered. So read carefully.

Tufts' tuition is $72k

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Take those fancy vacations, buy the nice car and splurge on great dinners - those who are fiscally responsible and save for college are "punished."

What do fancy vacations, nice cars and great dinners have to do with family income under 150k?

It impacts the assets side of things. Many schools give less financial aid to those with saved assets, so there is a disincentive to save for college. Which is counter-intuitive. I don't have a better suggestion, but this makes no sense.

You sound like the type that complains about all the Poors on food stamps living it up on lobster and steak.

[Anonymous]

I’ve heard Tufts takes into account your primary house as assets historically, so curious what “typical” assets are?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Take those fancy vacations, buy the nice car and splurge on great dinners - those who are fiscally responsible and save for college are "punished."

So many of these grand proclamations are so performative. I am very supportive of a diverse student population, including socioeconomic diversity. But I feel like these schools are going overboard with these special programs.

And if the endowment tax ends up kicking in, they might want to very quietly reverse some of them.

I’m starting to feel ticked off as well as I see more & more schools do this.

If this ticks you off maybe have your kids apply to schools they can afford. They don’t need to go Tufts or schools with the same policies.

They are. Obviously! That is not the point.

It’s a philosophical question. Why should a family that earns $150k get full tuition when a similar student at $200k or $250k or even $300k does not.

And let me tell you, the difference between $150k and 250k is not very much in practical terms.

As you’re thinking about the wealth gap, with an ungodly number of millionaires and now billionaires, families that earn $150k $250k, they’re in a similar boat, and yet the $250k families are treated as if they are just as rich as the millionaires. It’s absurd.

And so I am ticked off at that. My child will not be applying to any of these schools due to the price tag. But it’s an upside down world we live in, that’s for sure.

If you truly believe the $150k family is better off, you should ask your boss for a pay cut. Obviously you won't, because we both know the $250k family is better off even if they do need to pay a bit extra for college in the unusual situation where their kids get into such a college.

[Anonymous]

Anonymous wrote:I’ve heard Tufts takes into account your primary house as assets historically, so curious what “typical” assets are?

I don’t know many couples making 100k HHI who own million dollar homes.

[Anonymous]

Anonymous wrote:I’ve heard Tufts takes into account your primary house as assets historically, so curious what “typical” assets are?

they consider your house as an asset up to double your salary. This limits the impacts on low income families who brought a house when it was cheap and is not worth a lot on paper but are still more or less middle class or lower in practice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Take those fancy vacations, buy the nice car and splurge on great dinners - those who are fiscally responsible and save for college are "punished."

So many of these grand proclamations are so performative. I am very supportive of a diverse student population, including socioeconomic diversity. But I feel like these schools are going overboard with these special programs.

And if the endowment tax ends up kicking in, they might want to very quietly reverse some of them.

I’m starting to feel ticked off as well as I see more & more schools do this.

If this ticks you off maybe have your kids apply to schools they can afford. They don’t need to go Tufts or schools with the same policies.

They are. Obviously! That is not the point.

It’s a philosophical question. Why should a family that earns $150k get full tuition when a similar student at $200k or $250k or even $300k does not.

And let me tell you, the difference between $150k and 250k is not very much in practical terms.

As you’re thinking about the wealth gap, with an ungodly number of millionaires and now billionaires, families that earn $150k $250k, they’re in a similar boat, and yet the $250k families are treated as if they are just as rich as the millionaires. It’s absurd.

And so I am ticked off at that. My child will not be applying to any of these schools due to the price tag. But it’s an upside down world we live in, that’s for sure.

If you truly believe the $150k family is better off, you should ask your boss for a pay cut. Obviously you won't, because we both know the $250k family is better off even if they do need to pay a bit extra for college in the unusual situation where their kids get into such a college.

It matters when you started making 200,000.

[Anonymous]

I was having this discussion with a friend recently. Is an HYP education worth the price tag? It's a value question. For some families, it is worth the sacrifice and cost. For others, it's not.