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[quote=Anonymous][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]

Honestly, the only way I see it changing is for a Bezos to give $10BN to Princeton, or Musk to Penn or Gates to Harvard, etc. with the money going towards the schools to become tuition free.  Once that happens, their Ivy/Stanford/MIT/Duke...top 20 peers will follow or try to follow to keep up.  They will have to figure out a mechanism for HNW parents to still have to pay.  It will give the first mover massive positive PR and a relative drop in the bucket for their net worth.

This is already happening at certain grad schools...NYU Medical is now tuition-free from Langone gift and Yale Graduate Drama/Theatre School is tuition-free from Katzenberg gift.

Of course, those schools will then have even that many more applications, resulting in even lower acceptance rates.  Not sure if anything moves for schools that don't already have massive endowments.[/quote]

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