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College and University Discussion
Reply to "Did you folks not do ANY saving?"
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[quote=Anonymous][quote=Anonymous] [b]That's just silly. College provide a service, and admissions is a transaction to buy this service[/b]. Nothing more. (What more do you think it is in your imagination? A summary judgment about people's saving behavior over the last couple of decade before their children attend college?) [/quote] As I said, if you think that, attend colleges that don't give financial aid. [quote=Anonymous] "Discount to get a student?" That would be merit aid, which this discussion is not about. EFC is not related to merit aid.[/quote] This sentence makes no sense. All financial aid, whether need based or merit based, is given by a college to a student that they want with the idea that the student could not or would not otherwise attend. [quote=Anonymous] The fact that colleges get to decide is actually the bad news. [/quote] Whoa. You are saying colleges should not get to give their money to the students they want to have in the class? Sounds pretty socialist to me. [quote=Anonymous]Fortunately, this is less the case for state schools, at least inasmuch as the ceiling they can charge is concerned, but private colleges could probably benefit from more regulation. For instance, mortgages are regulated because otherwise one group of people would be constantly overcharged.[/quote] Most in-state schools are awesome, so if this is not a problem there, attend those and be happy. [quote=Anonymous]Address the problem raised by PP, which is the inequity induced by counting assets, which penalizes saving for college, particularly for certain income groups. [b]Why should the scrimping $90k family [u]be worse off[/u] than the $90k who couldn't or chose not to save? Answer this.[/b] [/quote] This is the problem. This is where you are 100% wrong. The family who saved is way better off, and the family that didn't probably can't attend the school. Repeat: This is the gigantic, Texas-sized hole in your logic.[/quote]
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