Reply to Brown eliminates tuition for families up to $125K and removes home equity in the FA equation

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Brown’s endowment grew 51% to 6.9B last year, according to the article. They tied this decision to that growth.

[b]The home value exclusion will disproportionately help middle/moderate-income families, who make up the donut-hole at many top colleges.[/b] And the aid these families receive will not come at the expense of other families since Brown is need-blind/meet-full-need. It will expand the percentage of students receiving aid and the amount of aid some students receive.[/quote]

NO, it helps the poor who happen to live in expensive houses.  Those making >125K won't receive a whole lot of aid so this won't make a difference.  This helps those making under $125K (generally quite a bit under) who are living in $750K+ dilapidated row houses in DC, San Franciso, NY, Chicago, etc.  [/quote]

That’s not what Brown’s president thinks:

[quote]Eliminating home equity in calculations, Paxson said, will likely have its greatest impact on moderate-income students — which Dean of Admission Logan Powell previously defined as students who, with the consideration of home equity and other assets, currently have an expected parental contribution, but also receive financial aid. Earlier this month, The Herald reported that the University attracts, accepts and enrolls fewer students from middle- and moderate- income brackets than any other income bracket.

But the impact of eliminating home equity from calculating a family’s assets, Paxson added, will likely impact a number of families across the income spectrum that already receive aid. And it may also open up aid to families currently not receiving it.[/quote][/quote]

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