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College and University Discussion
Reply to "Do NOT pay full price for college - secret discounting goes on "behind closed doors""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Half the kids in the Ivy League pay full price. [/quote] +1, this talking point is complete bs. Yes a "majority" of students may get some form of aid, but that doesn't mean we ignore the 40%+ paying full COA. Plus, just because you got aid, it doesn't mean it is always substantial. Someone getting 20k off a year when COA is $95,000+/year is not a deal.[/quote] Most kids don't go to ivy league schools. So the fact that half of those students pay full price doesn't change the fact that an overwhelming majority of college students don't.[/quote] The high tuition-high aid model is a model for top schools. No one is paying 96k for the local christian liberal arts college.[/quote] Total cost of attendance at Pepperdine is $95k. Some of us are not going to qualify for need based aid, so everything other than in state is expensive. We may be suckers but we don't want to let our kids down, so we pay full price. [/quote] Many (most?) private schools out of the top 50 give generous merit aid to virtually everyone they accept. [b]There is no reason to pay full price for a school the caliber of Pepperdine.[/b][/quote] Depends on the kid's level and where else they could have attended. At any ranking, some families prefer paying full price so their child can attend the top-ranked school among the schools they were accepted to, rather than attend a lower-ranking school that gives them merit aid. [/quote] That's us. We superfunded 529 plans and our original investment has more than doubled with market gains, so kids can go wherever they want; we view it as their money. [/quote]
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