I do wonder if/how this will change as the rise of AI diminishes the value of the human brain. |
at yale, it's like 125k |
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So ~20 % are FGLI and have a full ride.
Next ~20 % pay no tuition ~ 60k/yr ( so they pay about 30 k )These are from 50 percentile to ~85 percentile families networth wise… Families who are > 90 percentile in networth are full pay. |
I'm surprised there are that many white people scoring that high on the SAT. |
| there are PLENTY of full pay people at these schools. the idea that you think 1/3 paying 90k is too low is nuts |
It’s zero sum. They have decided an amount of revenue they want from tuition, and they have decided they are only going to charge it to a subset of students. If tuition was lowered for full pay, the school would have to spend even more money on non payers. It’s just simple math. |
here's the simple math: my full pay student is not funding any other kid's eduction. full stop. |
Whatever you need to believe. |
You should def tell your kid to turn down their acceptance to Harvard. oh wait ... |
This isn’t about my kid or Harvard. It’s about all private schools that overcharge tuition paying students to increase financial aid. When reviewing tuition increases, literally a line item for the additional revenue is how much will be allotted to financial aid. I know because I’ve worked in private higher education (not at Harvard but at a school many on here drool over.) Harvard breaks down the sources of its operating revenue like this: 46% - endowment 22% - tuition 15% - sponsored research 17% - other If they charged everyone the same tuition, everyone attending could pay less and still meet the 22% of the operating budget. Therefore students who must pay tuition pay more than they would if so many students didn’t go for free. It’s just reality. |
You’re absolutely right. Your full pay kid is not funding another kid’s education. Rather, as a long-term substantial donor, I (and many, many others like me) are subsidizing both your kid’s and those other kid’s education. You’re welcome. |
it must suck to bribe a college long-term and then have your own kids shut out. |
Uhh, don’t know where you’re getting any of that. One kid’s a graduate (summa, entered with stats well above average and strong ECs, and also has admits to Stanford and Yale, no bribing intended or needed) and the other’s at his preferred college (chose not to apply after rea acceptance to another ivy). But haters gonna hate I guess. And again, you’re welcome. |
| Things that didn’t happen x all of it. |
+1 |