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

Forum Index » College and University Discussion

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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. [/quote]

What about the non-need based kids? Princeton doesn't generate enough money to give out merit aid for all those kids, and they are not about to deplete those endowments.[/quote]

+1000

Almost 40% are FULL pay.  Why would they eliminate that income?   [/quote]

because they have a mission? or they should pretend to have a mission? or they want to get ahead of the US people and US government asking why they get to be a NFP hedge fund with tax advantages with a small college attached that charges 90k a year?

their endowment has grown 12% a year for last 10 years. that's over 4 billion.

most NFPs feel okay drawing down 4% a year.  leaves growth.  for princeton that would like 1.5billion alone. not counting alumni contributions and the rest. tax advantaged!

paying for all the full pay would be 150 million. It's really not defensible that these schools charge tuition. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics