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Reply to "How is financial aid funded?"
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[quote=Anonymous][quote=Anonymous]Financial Aid isn't funded directly. It is really just a tuition discount. The school will have a policy that states how they determine how much they will give in "aid". For example, the policy could be 24% of total tuition revenue can be awarded as financial aid or tuition discounts. It isn't really funded, just not collected. Then regardless of that number if the school has a defect overall they can chose to pull from the endowment or increase other revenue streams to cover that deficit.[/quote] Tuition discount = funding. If I pay $55K and you pay $15K, you are funded by $40K.[/quote]
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