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College and University Discussion
Reply to "Actual tuition for college is 57% less than listed price"
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[quote=Anonymous][quote=Anonymous]How misleading. It all depends on your assets and income and how badly they want your kid. If the college is a reach for your kid, they're not going to offer merit. If it's a safety, they might be happy to offer a significant amount of merit to persuade you to stay. If you're wealthy, you're not getting any sort of financial aid. So don't expect this graph to apply to everyone equally.[/quote] I was reading Selingo's book - it said the point of merit aid is to be competitive with State schools; So they may offer 10-20K to bridge the gap between State and Private. Let's say UVA vs NE - how many would choose NEW for double the cost? maybe if NE gave 15K then maybe? Since the T10 don't have lower-cost State competitors they don't offer Merit. [/quote]
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