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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Trickle-down economics / Reaganomics, as we all know, did not really work in practice and exacerbated wealth inequality. Evidence suggests that wealth often stays at the top rather than trickling down to workers through increased wages.

The same idea applies here. When the ultra-wealthy donate massive sums to already wealthy universities, who can assure that the money will "trickle down" to disadvantaged families and help increase access to an elite education? Sure, Bloomberg and Johns Hopkins is a notable example. But in many other cases, we aren't so sure how the donation will be spent – sure, it might benefit the institution by creating another research center or revamping athletic facilities. But in my opinion, expanding access and increasing financial aid budgets are far more important than creating yet another lab (which are important, but not top priorities).[/quote]

A lot of top colleges and universities are need blind and will meet 100% of financial need.  They can only do that because of their large endowments.[/quote]

They could do so much more. And this is been studied many times.[/quote]

They meet 100% of financial need.
How much more can they do?  Meet 150% of financial need?[/quote]

You have to be joking. They meet 100% financial need as they define it, which typically means families with HHI of 250k are paying over 90k a year. And 17 elite schools (including Yale, Penn, and MIT) were sued for conspiring to suppress financial aid awards. 12 settled for over $300 million, the judge ruled the remaining 5 schools have to proceed to trial because there is sufficient evidence for a jury to find that the schools knowingly suppressed aid awards in concert in violation of the law. Please keep telling me how elite schools are so generous.[/quote]

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