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College and University Discussion
Reply to "How does most of America pay for these elite schools?"
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[quote=Anonymous]Some private colleges have so much money that they could go completely tuition-free, only charging for room/board, yet they charge $80k+ a year to people with $150k HHI and some 529 savings. (Net price calculators demonstrate this). It needs to be more reasonable. I read in higher ed expert Jeff Selingo's newsletter that so-called "nonprofit" universities get average federal subsidies of about $41k/year per student. Everyone agrees college costs too much. There's a lot of anger in this thread about the overcharging and it's sad to see qualified students denied opportunities. The main question is: What are we going to do about this? Is there any organization that's really trying to work with colleges and Congress to change this?[/quote]
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