Reply to dont be in the 60th to 99th percentile in income

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]hat said the challenge is finding high income students who are absolutely committed to staying the full four years as well as academically willing to put in the effort to satisfy the graduation requirements that are tied to the university ranking.  This is no trivial challenge, finding high income students who are also studious.   [/quote]

That's not a challenge at all. The paper shows there are plenty of kids in the parental income 97-100% range who have high test scores and high GPA (i.e. they are studious). The trope that rich kids are lazy and stupid is simply false.[/quote]

Nobody is implying rich kids are lazy and stupid.

From a university point of view, finding high income and studious is a challenge.

Financial aid is the carrot the university offers to make a low income student to do one thing: 1) stay committed for full four years and graduate.  Whereas the university is asking a high income student do two things: 1) go ask your parents or get a loan but pay full tuition 2) please stay here for four years and put in the effort to graduate.  Within the high income student pool, the legacy students bring in the additional attribute of emotional commitment which may or may not be present in a random high income student.  [/quote]
If these colleges weren't so stupidly expensive, then they wouldn't have to worry about #2.  UMC could afford full pay without loans if they lowered the cost, but like expensive cars, the colleges like to keep it expensive to create a "in the club" experience.[/quote]

why shouldn't a for profit university raise prices if it can still keep demand?

Apple's iPhone is celebrated as an all American business success every time it raises prices, and everyone - high income as well as low income happily pay $1400+ for owning it over time. Same with other branded luxuries, resort vacations, etc... As long as everyone pays the same, no one complains.  Imagine what would happen if Apple changes its phone sales to something like half of their phone purchases to lower half will be funded by the upper half based on family income, color of their skin or some other social factor?

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The colleges mentioned in the article are NONprofits with tremendous tax benefits although they act like for-profits.[/quote]

they are nonprofit, but Private. all non-profit means profits made should be reinvested back into the college.  There is no law that says non-profits should not maximize profits.  [/quote]
Sure, but all this talk of "oh we have to charge that much so that we can cover the non rich kids" is BS.  If they lowered the costs, more people could afford to pay for it without taking out stupid sized loans.[/quote]

That's like saying if disneyland lowered its ticket prices more people would enjoy the experience.  Well, that would be a different experience at a cheaper price, no different than a local random amusement park.  Given there are many amusement parks on the thousand mile journey from home to florida, why the craving for disneyland, is what one should ask themselves? If disneyland wants more visitors, they will lower the price on their terms, not when public says it should.  Disneyland has figured out a businessmodel to offer a certain level of experience for a lofty ticket price, and still maintain demand.  Why should they change their model, because public far away with access to local amusement parks are crying sour grapes?

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only a dumb person would equate going to Disneyland with going to a top rated college.

Also, Disneyland is a for profit entity; college are not -- since you or a PP mentioned the non profit angle.[/quote]

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