Princeton spared from endowment tax

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ironically Princeton will now be "need aware" as it has to make sure it doesn't take too many full pay kids.

Sorry - too rich - we don't want you. You'll trigger the tax. Or "we have too many full pay kids - here's a full scholarship you don't really need. Congratulations!"

The rich are still very overrepresented at Princeton, just a bit less than at Harvard and Yale. Need-blind has never existed anyway.

Of course, at any point, Princeton could dole out dollars not on the basis of need. Or make the school free for anyone making under $500,000 year. The possibilities are endless.

I don't think the rich are over-represented at all. Compared to the past, there are many more kids on aid. This is a university, not a charity. Personally I think a lot of the top schools have gone overboard tripping over themselves to admit FGLI kids.

Someone definitely missed the point of the endowment tax, which is that so-called charities should not be tax exempt if they’re hoarding money and overwhelmingly serving the rich.