I predict one top school will be all-scholarship in next 5 years.

[Anonymous]

Anonymous wrote:Somebody is bored and lonely. There is nothing to discuss. Just let them sock puppet for a few days

+1. +1. But these kind of posts just waste everyone's reading time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.

Nothing new here. Columbia is already free tuition for families making <$150,000.

only if you have under 200k in assets.

BINGO! Every one of these breathless announcements by the Ivies is followed by the particulars. the result is that the ignorant populace thinks that Ivy schools give great financial aid (because this crap is issued by their marketing offices) when, in reality, very few qualify

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I highly doubt Princeton will be getting rid of legacy. The Princeton legacy admits from our school were the most egregious.

Have you looked at their website lately? I agree with OP. The language used and institutional priorities seem very clear. Not a bad thing, but I would bet legacy isn't really used much longer there unless they are related to very large and involved donors. Even then selectively.

I can tell you that you are naive on this point....either that or I just happen to know the most selective families at Princeton (and I doubt this)

+1

[Anonymous]

Anonymous wrote:I think it will be CalTech. A dozen or more schools could do this and eventually will, but CalTech has the most to gain.

CalTech, Hopkins and MIT should do it

[Anonymous]

Anonymous wrote:Regis High School has this model. Leads to loyal alumni who contribute with no exception of payback (ie their kid getting in), endowment draws down less than it makes in investments, the value of the school was enhanced.

DCUM would not approve, I see from these knee jerk negative reactions. Like always!

I agree this will happen at some point.

As an aside I am a Bronx Science alum. I took the test for Regis in the late 70’s. That test completely humbled me. Hats off to their Alums…

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.

Nothing new here. Columbia is already free tuition for families making <$150,000.

only if you have under 200k in assets.

BINGO! Every one of these breathless announcements by the Ivies is followed by the particulars. the result is that the ignorant populace thinks that Ivy schools give great financial aid (because this crap is issued by their marketing offices) when, in reality, very few qualify

This really takes the cake when it comes to being a whiny baby. You have more than $150K in HHI and substantial assets and we are supposed to feel sorry for you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Regis High School has this model. Leads to loyal alumni who contribute with no exception of payback (ie their kid getting in), endowment draws down less than it makes in investments, the value of the school was enhanced.

DCUM would not approve, I see from these knee jerk negative reactions. Like always!

I agree this will happen at some point.

As an aside I am a Bronx Science alum. I took the test for Regis in the late 70’s. That test completely humbled me. Hats off to their Alums…

You don't take people's money and a lot of things change. You can take the best. Period. You can expect a lot. You don't have customers or clients anymore. You have people who can lose their scholarship (ie get the boot). Those calls from parents demanding this and that would vanish. A culture of gratitude would replace a culture of entitlement.

There is enormous upside.

[Anonymous]

ROFL. In the Capitalist United States of America nothing will ever be free. Except air and I guess tap water that hopefully wouldn't kill you as long as you live where there's money!

Nothing for free here. Nothing. Non profits are not free you know this right?

[Anonymous]

Rice and Cooper Union used to be free for all. They still have some of the most generous financial aid plans.

[Anonymous]

Top colleges are most the expensive options for donut hole families with no merit and low cutoff for aid. They also have largest endowments so its not like they can't afford to be free. They chose not to be free.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Regis High School has this model. Leads to loyal alumni who contribute with no exception of payback (ie their kid getting in), endowment draws down less than it makes in investments, the value of the school was enhanced.

DCUM would not approve, I see from these knee jerk negative reactions. Like always!

I agree this will happen at some point.

As an aside I am a Bronx Science alum. I took the test for Regis in the late 70’s. That test completely humbled me. Hats off to their Alums…

You don't take people's money and a lot of things change. You can take the best. Period. You can expect a lot. You don't have customers or clients anymore. You have people who can lose their scholarship (ie get the boot). Those calls from parents demanding this and that would vanish. A culture of gratitude would replace a culture of entitlement.

There is enormous upside.

100% this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Regis High School has this model. Leads to loyal alumni who contribute with no exception of payback (ie their kid getting in), endowment draws down less than it makes in investments, the value of the school was enhanced.

DCUM would not approve, I see from these knee jerk negative reactions. Like always!

I agree this will happen at some point.

As an aside I am a Bronx Science alum. I took the test for Regis in the late 70’s. That test completely humbled me. Hats off to their Alums…

You don't take people's money and a lot of things change. You can take the best. Period. You can expect a lot. You don't have customers or clients anymore. You have people who can lose their scholarship (ie get the boot). Those calls from parents demanding this and that would vanish. A culture of gratitude would replace a culture of entitlement.

There is enormous upside.

100% this.

+1
Isn't Deep Springs College tuition-free? Perfect example. 8% acceptance rate. Also, all the military academies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.

Nothing new here. Columbia is already free tuition for families making <$150,000.

only if you have under 200k in assets.

BINGO! Every one of these breathless announcements by the Ivies is followed by the particulars. the result is that the ignorant populace thinks that Ivy schools give great financial aid (because this crap is issued by their marketing offices) when, in reality, very few qualify

This really takes the cake when it comes to being a whiny baby. You have more than $150K in HHI and substantial assets and we are supposed to feel sorry for you?

150k = teacher and a cop. No trust fund in sight.

[Anonymous]

can you prove over half the kids go free?

[Anonymous]

Anonymous wrote:can you prove over half the kids go free?

Cant you read their advertisement