Ladies, let's not get into another debate between the uber-rich and the sort of rich (as somebody who pays full tuition without aid but doesn't have a wing named after me, I put myself in the latter category - I do not subscribe to the theory put forth on other threads that people who make $250K a year are solidly middle class). My view on this is I pay for everything I am asked for and I donate what I feel I can give (last year a lot; this year a little - it's a recession, after all). If the school wants me to pay more in tuition just raise tuition and I'll pay it. But, I am not going to be guilted in to spending $5,000 at the auction because somebody's math purports to show I owe it.
On the other hand, it is true that the cost of tuition doesn't cover everything, so they need annual funds for the operating budget and auction funds for scholarships (in some schools financial aid is an item in the annual budget as well, but the auction is 100% financial aid). This need exists even in expensive private schools that cost $30K a year for fundraising to cover these things (especially financial aid). So the posters who were saying they couldn't believe these schools even held auctions and fundraisers were off base, too.
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