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College and University Discussion
Reply to "University of Chicago To End Loans"
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[quote=Anonymous]I hear you -- and you are right -- it is hard for middle class folks DC area folks to swing these schools, but it is a bit ironic that UChicago becomes the scapegoat for why all colleges cost so much since they are actually the only school ranked in the USN top 5 or 10 that as of this year still offered some merit regardless of financial need to students (I think I read last year the average merit award was about $10,000 or so, but don't know how many were given out). (of course, what many of us see as middle class in DC area is seen as affluent in other parts of the country - Princeton touts some financial aid is available for families making over $180,000 per year). Why do schools cost so much? I don't know, but I've heard for some, look at the unnecessary new dorms, fancy cafeterias, etc. Then there are schools losing money on sports programs or building state of the art facilities. For others, they are competing for top salaries of superstar professors. More generally, I assume people of love literature or biology and teach want to make a reasonable living after years and years to get a phd, when their private sector professional counterparts make far more. [/quote]
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