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College and University Discussion
Reply to "Where "full pay" really helps?"
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[quote=Anonymous]I can’t believe how naive people are. At need aware schools often about 40 percent of the class receives aid which is usually like 55k on average so nearly a full ride. At the same time about a quarter of the school is black/Hispanic with some other percentage going to FGLI types with obscure back stories. How many black or Hispanic families do you know who can or would cut an 80k/year check to Carleton College? Maybe some but not a lot! So how much aid money does that leave over for upper middle class to affluent whites and Asians? Not much! Full pay/low need is almost table stakes if you are a typical American white or Asian family applying to these schools. Sure-some get aid- but these are going to be kids in the top decile. There is a reason these schools have a reputation of being filled with rich white/Asian kids. Because they are filled with rich white/Asian kids who are for the most part receiving no aid. This doesn’t mean all rich white/Asian kids can get in - there are a lot of them out there and they are competing amongst themselves at these tiny schools [/quote]
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