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College and University Discussion
Reply to ""free tuition for people making under $x" is problematic"
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[quote=Anonymous][quote=Anonymous]Maybe colleges should take a page from Deerfield Academy boarding school. Their formula is that nobody pays more than 10% of income (yes, they will take into account significant assets but not home equity). So, families up to as much as $800k may get something. Now, typically those families have significant assets and don’t receive anything, but they said quite a few $500k families are getting aid. As they raise tuition, the formula automatically adjusts.[/quote] They should take in house equity as it’s a way to hide money. On 500 you should not get help. [/quote]
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