Study of elite college Admissions

[Anonymous]

Anonymous wrote:Tuition is far too low. Elite colleges should use their position of power to act as private taxing authorities, charging 5-10% of family wealth (total for whole degree) for all students.

They don't have to. The rich students already pay for the less rich students. But in this area, the parents in the $1m+ houses want everything for free.

[Anonymous]

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Anonymous wrote:It's already a barbell at the top privates. The kids either have gobs of money (think travel via chartered private jets).... or they are on scholarship. There's no one at these schools with two middle manager parents.

Agree.

The middle is the majority, how come top colleges/privates are not thinking what they are creating? Why high stat kids from MC family gets overlooked for rich or low income families? In other words, kids from MC are being discriminated by top colleges due to not their performance but due to family income.

Because it's a business. And their business priorities are
1) Grow the endowment (richy rich people)
2) Create mobility for the underprivileged (take care of the poor)
Middle-class families are not their priority bc middle-class families can access a college education. It may not be Yale but they can go to Uconn for example.

Middle class is supposed to stay middle class. If they become upper middle class trying to be entry level wealthy, private colleges put them back in middle class with high cost. If they don't go for full pay, their kids can't attend ivies, if they pay ivies, they can't retire in peace.

Yes, that is the reality.
And...........it's not like you're not playing the game. Isn't this why we have a spate of 18-year-olds majoring in CS?

[Anonymous]

Anonymous wrote:Tuition is far too low. Elite colleges should use their position of power to act as private taxing authorities, charging 5-10% of family wealth (total for whole degree) for all students.

They are private taxing authorities charging 5-10% of family wealth but only for donut hole families, not for anyone else.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's already a barbell at the top privates. The kids either have gobs of money (think travel via chartered private jets).... or they are on scholarship. There's no one at these schools with two middle manager parents.

Agree.

The middle is the majority, how come top colleges/privates are not thinking what they are creating? Why high stat kids from MC family gets overlooked for rich or low income families? In other words, kids from MC are being discriminated by top colleges due to not their performance but due to family income.

Because it's a business. And their business priorities are
1) Grow the endowment (richy rich people)
2) Create mobility for the underprivileged (take care of the poor)
Middle-class families are not their priority bc middle-class families can access a college education. It may not be Yale but they can go to Uconn for example.

Middle class is supposed to stay middle class. If they become upper middle class trying to be entry level wealthy, private colleges put them back in middle class with high cost. If they don't go for full pay, their kids can't attend ivies, if they pay ivies, they can't retire in peace.

Yes, that is the reality.
And...........it's not like you're not playing the game. Isn't this why we have a spate of 18-year-olds majoring in CS?

So sacrifice kids at the alter, instead of letting them study what they enjoy and are good at?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is why state flagships are seeing more and more high stats students.

100%

I have an uw 4.0/4.4gpa (tough private school) and 36 ACT, 5s all APs and is going in-state next year. We make a good income--would be rich outside of DMV. But--$85-90k/year for more than one kid is crazy when the in-state option is ranked 24 in the Nation.

UVA talks of privatization all the time since they get almost zero funding from the state. If that happens, they are going to shoot up even higher than 24.

What? Why?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's already a barbell at the top privates. The kids either have gobs of money (think travel via chartered private jets).... or they are on scholarship. There's no one at these schools with two middle manager parents.

Agree.

The middle is the majority, how come top colleges/privates are not thinking what they are creating? Why high stat kids from MC family gets overlooked for rich or low income families? In other words, kids from MC are being discriminated by top colleges due to not their performance but due to family income.

Because it's a business. And their business priorities are
1) Grow the endowment (richy rich people)
2) Create mobility for the underprivileged (take care of the poor)
Middle-class families are not their priority bc middle-class families can access a college education. It may not be Yale but they can go to Uconn for example.

Middle class is supposed to stay middle class. If they become upper middle class trying to be entry level wealthy, private colleges put them back in middle class with high cost. If they don't go for full pay, their kids can't attend ivies, if they pay ivies, they can't retire in peace.

Yes, that is the reality.
And...........it's not like you're not playing the game. Isn't this why we have a spate of 18-year-olds majoring in CS?

So sacrifice kids at the alter, instead of letting them study what they enjoy and are good at?

DP here. Most CS students I know are CS because their parents picked their major (and school).

Regarding middle class - so it is okay for them to get financial aid and attend private high schools, but it is not okay for them to get financial aid at colleges? Not following.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's already a barbell at the top privates. The kids either have gobs of money (think travel via chartered private jets).... or they are on scholarship. There's no one at these schools with two middle manager parents.

Agree.

The middle is the majority, how come top colleges/privates are not thinking what they are creating? Why high stat kids from MC family gets overlooked for rich or low income families? In other words, kids from MC are being discriminated by top colleges due to not their performance but due to family income.

Because it's a business. And their business priorities are
1) Grow the endowment (richy rich people)
2) Create mobility for the underprivileged (take care of the poor)
Middle-class families are not their priority bc middle-class families can access a college education. It may not be Yale but they can go to Uconn for example.

Middle class is supposed to stay middle class. If they become upper middle class trying to be entry level wealthy, private colleges put them back in middle class with high cost. If they don't go for full pay, their kids can't attend ivies, if they pay ivies, they can't retire in peace.

Yes, that is the reality.
And...........it's not like you're not playing the game. Isn't this why we have a spate of 18-year-olds majoring in CS?

So sacrifice kids at the alter, instead of letting them study what they enjoy and are good at?

I didn't invent the game sweetie. You either choose to play or you don't. There are consequences either way.

[Anonymous]

Anonymous wrote:I think this shows schools that care more about wealth than diversity, and where is might be an advantage to be full pay.

I think it shows wealthy people already have it all, so this "prestige" is the only other type of brass ring they need to collect. It also shows that the actual education is not the aim, nor is is any better than at other schools (because richer =/= smarter).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's already a barbell at the top privates. The kids either have gobs of money (think travel via chartered private jets).... or they are on scholarship. There's no one at these schools with two middle manager parents.

Agree.

The middle is the majority, how come top colleges/privates are not thinking what they are creating? Why high stat kids from MC family gets overlooked for rich or low income families? In other words, kids from MC are being discriminated by top colleges due to not their performance but due to family income.

Because it's a business. And their business priorities are
1) Grow the endowment (richy rich people)
2) Create mobility for the underprivileged (take care of the poor)
Middle-class families are not their priority bc middle-class families can access a college education. It may not be Yale but they can go to Uconn for example.

Middle class is supposed to stay middle class. If they become upper middle class trying to be entry level wealthy, private colleges put them back in middle class with high cost. If they don't go for full pay, their kids can't attend ivies, if they pay ivies, they can't retire in peace.

Yes, that is the reality.
And...........it's not like you're not playing the game. Isn't this why we have a spate of 18-year-olds majoring in CS?

Kids are majoring in CS because its what they grew up with, because they love it, because the future will be more and more computerized, because that's where jobs are.

[Anonymous]

Anonymous wrote:No surprise I think I remember seeing that Emory has the second highest percentage of private school students after Nortre Dame.

All Catholic high schools are private schools, so the ND private school crowd is a bit different and doesn't always = wealth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's already a barbell at the top privates. The kids either have gobs of money (think travel via chartered private jets).... or they are on scholarship. There's no one at these schools with two middle manager parents.

Agree.

The middle is the majority, how come top colleges/privates are not thinking what they are creating? Why high stat kids from MC family gets overlooked for rich or low income families? In other words, kids from MC are being discriminated by top colleges due to not their performance but due to family income.

Because it's a business. And their business priorities are
1) Grow the endowment (richy rich people)
2) Create mobility for the underprivileged (take care of the poor)
Middle-class families are not their priority bc middle-class families can access a college education. It may not be Yale but they can go to Uconn for example.

Middle class is supposed to stay middle class. If they become upper middle class trying to be entry level wealthy, private colleges put them back in middle class with high cost. If they don't go for full pay, their kids can't attend ivies, if they pay ivies, they can't retire in peace.

Yes, that is the reality.
And...........it's not like you're not playing the game. Isn't this why we have a spate of 18-year-olds majoring in CS?

So sacrifice kids at the alter, instead of letting them study what they enjoy and are good at?

DP here. Most CS students I know are CS because their parents picked their major (and school).

Regarding middle class - so it is okay for them to get financial aid and attend private high schools, but it is not okay for them to get financial aid at colleges? Not following.

Who said anything about not receiving aid? Middle-class families can and do receive financial aid from many universities. Especially if their stats are higher than the school's average.
I think the PP is speaking out of both sides of her mouth...
"Education is what matters, let them study what they want to study! Education is what matters!"
"And I want them to go to Yale!!!"

[Anonymous]

Anonymous wrote:

Anonymous wrote:Tuition is far too low. Elite colleges should use their position of power to act as private taxing authorities, charging 5-10% of family wealth (total for whole degree) for all students.

They don't have to. The rich students already pay for the less rich students. But in this area, the parents in the $1m+ houses want everything for free.

No one has argued that MC/UMC tuition should be "free". You're just making sh-- up now. They are saying it should at least be accessible.

And FTR, we are absolutely priced out of those schools -my child is turning one down for that reason, which is extremely painful- and we do not live in a million dollar house. We bought our starter for about $300K and stayed in it (didn't trade up).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tuition is far too low. Elite colleges should use their position of power to act as private taxing authorities, charging 5-10% of family wealth (total for whole degree) for all students.

They don't have to. The rich students already pay for the less rich students. But in this area, the parents in the $1m+ houses want everything for free.

No one has argued that MC/UMC tuition should be "free". You're just making sh-- up now. They are saying it should at least be accessible.

And FTR, we are absolutely priced out of those schools -my child is turning one down for that reason, which is extremely painful- and we do not live in a million dollar house. We bought our starter for about $300K and stayed in it (didn't trade up).

DP what do you want the price to be? what are you willing to pay?

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is why state flagships are seeing more and more high stats students.

+100

Yale is 95-100K/year all in now.

They show that donut hole families have the lowest acceptance rate at these schools.

They want richy-rich or poor. The first will yield and pay, the second will go for free or get a large chunk of need-based aid.

The donut hole have to really think if they can get by and figure out loans/financing on their own. More yield risk.

There really isn't much of a donut hole for this tier. People making under 250k get aid. We are under 150k and got excellent aid. Are 300k+ incomes really donut hole? Not in the middle class person's book.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tuition is far too low. Elite colleges should use their position of power to act as private taxing authorities, charging 5-10% of family wealth (total for whole degree) for all students.

They don't have to. The rich students already pay for the less rich students. But in this area, the parents in the $1m+ houses want everything for free.

No one has argued that MC/UMC tuition should be "free". You're just making sh-- up now. They are saying it should at least be accessible.

And FTR, we are absolutely priced out of those schools -my child is turning one down for that reason, which is extremely painful- and we do not live in a million dollar house. We bought our starter for about $300K and stayed in it (didn't trade up).

How is that possible? What aren't you including here? MC tuition is very affordable at these schools. How UMC are you?