Reply to Which private colleges have the best financial aid for donut hole families?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

NP - It means that two kids with incomes of $200,000 can be walking around campus, living in the same dorms, taking the same classes and one pays substantially more for the experience because their parents were frugal.  It IS backwards.[/quote]

Please describe the alternative, and why it is an improvement.[/quote]

How about students go to colleges that they can afford, based on their parent's income, and colleges have to bring tuition back down to some reasonable level? This whole argument is based on a false premise, which is that college tuition makes any sense at all.  The federal government built a big funnel that poured student loan $$ into colleges, which allowed them to jack up their tuition to ridiculous levels to pay for extra administrators and climbing walls and a gold-plated student unions.  The chickens have come home to roost for the graduates who have to pay back those loans, and future students have learned the lesson.  So, here we are, with lower income parents getting financial aid, middle class parents getting "tuition discounts" and "donut hole" parents trying to figure out how to pay the still-inflated tuition without loans.

And, no, the answer is not that the federal government subsidize the ridiculous tuition, because unlimited access to money is what got us into this mess in the first place. I can't believe that some so-called "progressives" believe that having non-college educated American taxpayers subsidize upper-middle-class students is defensible (lower income people already get financial aid).  "Oh, but Wall Street will pay!"  Sure. None of that will trickle down to the average person. So we impose huge taxes to subsidize tuition for the children of upper middle class people so they can pay for ridiculous bloated bureaucracies on the college campuses that contribute zero to the GDP and contribute nothing to the actual education a student receives.

And don't say "Look at Europe!"  Those countries limit the number of people who go to college, and your fate is pretty much determined before you're twelve.  If you want to have a system where people who can get into top 30 colleges go for free, and no one else has a chance, go for it.   [/quote]

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