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College and University Discussion
Reply to "Princeton spared from endowment tax"
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[quote=Anonymous][quote=Anonymous]So if the colleges have enough money and can offer free tuition instead of paying a tax, the college chooses free tuition? Why doesn't Harvard do this? It would have to curtail the 25% of students from the rich, private, Independent schools, but Harvard is about equity??[/quote] Princeton made it work by taking a certain set of kids who got some financial aid and giving them free tuition instead. That took Princeton under the 3000 student limit. It only works at Princeton because they have no med or law school and their grad students are mostly funded (not tuition paying). Princeton calculated the giving a certain number of kids free tuition would be cheaper than paying the endowment tax. The same isn’t true for Harvard or Yale. It wouldn’t be true for Princeton either if the number was set much lower than 3000.[/quote]
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