Reply to Syracuse University issues financial warning as admissions slump: We’re in the red

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Reply to "Syracuse University issues financial warning as admissions slump: We’re in the red"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Google tells me that Syracuse's discount rate is 45% -- that means (if I'm understanding correctly) that the average student pays only 55% of the 100Kish sticker price.

[b]Wouldn't it be bold for Syracuse, or some other private, to slash cost of attendance, say, by 35%? I'm not sure how the math would math but I think a much lower initial sticker price would attract a lot of donut hole families/ make them competitive with the SEC schools[/b]. . . . [/quote]

This. I would love to see more schools do this.[/quote]

I think the issue is that incomes are very bimodal.  A bunch of kids paying zero or close to it via financial aid and a bunch of kids paying very high rate to cover everything.  There's also some merit on top of that-- I think they essentially try to figure out willingness-to-pay at charge whatever that is.  That's why at some schools it's possible to negotiate financial aid.

So conceptually, I like this model.  But I think the math doesn't math, as you say, because they still have the same # getting a full ride, and they don't have it compensated by the rich kids at the top who are price insensitive.  But I suppose if enrollments go down far enough, the math might change.[/quote]

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