As tuition continues to climb in price = easier to get into?
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Anonymous
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The thread on the easiest prestigious schools to get into made me think about this, especially for American students. The most expensive private schools are now around $ 60-65k all in. Let's assume this trend continues over the next 15 years with schools topping out around $85-90k a year, maybe even closer to $100k, how many Americans will be able to afford that? Do you think schools will have fewer students competing for admittance simply because they can't afford to pay even 50%?
I know rich international students will always be in the background. But American schools can't afford to fill ~ 50% or more of their freshman classes with foreigners just in terms of the optics. Simply put, it'll look bad. Just curious if you think elite private education will go back to being a luxury for the wealthy in the way it was before WWII. |
Anonymous
| The top 20 will never have a problem. Below that --yes -- they need iinternational students to pay full freight |
Anonymous
The point is, would they prefer rich but (possibly slightly dumber) American students over foreign ones? |
Anonymous
| The elite schools are not hurting for applicants. Even the next tier down is fine. It will affect the schools ranked below 50 as it will be harder to justify a mediocre private option relative to public options. The good news is that there are elite public universities so it will not impact the access to excellent education. |
Anonymous
| You are forgetting it's all the international students coming from China and elsewhere for college that are paying the full "retail" college price tag in US colleges and universities. |
Anonymous
| It's the middle class getting screwed again. Go Bernie and Go Trump! |
Anonymous
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Little to no effect. First, student loans are easy to get and "cheap" money (interest rate-wise). Second, at most costly universities, 50-75% of American students receive some form of financial aid. So, the percentage of American students actually paying the full price is rather low, and they can probably afford it. At most universities, admissions is need-blind.
(Non-Americans are not eligible for financial aid.) |
Anonymous
| As a parent who pays $60,000 a year I can assure you it will make no difference. There are many many people lined up for every spot. |
Anonymous
Not the op but I see her/his point about fewer people being interested in a degree that costs $400k and nets you a job that starts at $40k (because let's face it, the $32k starting salaries will probably only be up to 40k by then). |
Anonymous
This is not so. Demand for public school has increased a lot since the early 2000s because it's increasingly bent seen as a bargain in comparison. Google it. |
Anonymous
I think more and more people who have to pay the full price tag are crossing schools off the list that cost too much. I know we are! |
Anonymous
| I crossed off my alma mater off my dc's list because they now charge $65,000 a year. I will also stop my small donation I have been giving every year because I think what they are charging is crazy. |
Anonymous
| Stop giving loans, all that will change in a blink! |
Anonymous
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$100k will be the new $50k as Yellen tries to inflate inflation.. money is never what it was in the past
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Anonymous
So you think inflation will happen as opposed to deflation? |