Reply to America's Top Colleges Have a Rich-Kid Problem

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[quote=Anonymous]NP here. Re point #1, colleges want kids who will be able to to the work. If they take a kid who is unprepared despite getting A's at a bad school, then everyone gets hurt: the kid who drops out, particularly if they have taken on student loans, and the college because their completion rates fall. We can cry crocodile tears for the college, but for the kid this is a very unfortunate outcome.

But I agree that the biggest problem is that kids don't apply.

IMO, part of the reason lower-income kids don't apply is that you need very low income to get a mostly-grant FA package, at least at most private universities. Pell Grants are about $5,500, which would help a lot at a state school but won't contribute very much towards $55,000 tuition at a private school. If you have household income north of $50K, you probably aren't going to qualify for much in the way of grant money. My guess is a lot of families look at this and decide that public universities are the way to go.[/quote]

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