Reply to The New America: Elite Privates forever out of reach for UMC?

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[quote=Anonymous]With the expansion of financial aid at the elite colleges to eliminate student loans and give significant grants to families with incomes under $150-200k, this entire thread is driven by misperceptions, not reality. Families with multiple children in college are given especially large financial aid packages. At my Ivy alma mater, a student from the typical family earning $150k gets a university grant that covers nearly all of tuition. For them, the cost of attendance is room, board, books, and personal expenses, which is pretty much the same at every college, elite or not, public or private.

In contrast, those students would not be eligible for any financial aid at their in-state flagship and end up paying as much or not more.  If anything, the real tragedy is the dramatic erosion of state support for public universities. Even worse are policies that have diverted need-based support to merit aid to that gives public dollars to families that don't need it ahead of families that do. 
 [/quote]

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