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College and University Discussion
Reply to "How does most of America pay for these elite schools?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Some private colleges have so much money that they could go completely tuition-free, only charging for room/board, yet they charge $80k+ a year to people with $150k HHI and some 529 savings. (Net price calculators demonstrate this). It needs to be more reasonable. I read in higher ed expert Jeff Selingo's newsletter that so-called "nonprofit" universities get average federal subsidies of about $41k/year per student. Everyone agrees college costs too much. There's a lot of anger in this thread about the overcharging and it's sad to see qualified students denied opportunities. The main question is: What are we going to do about this? Is there any organization that's really trying to work with colleges and Congress to change this?[/quote] If congress ever cared, they could fix it. These schools are all reliant to some degree on federal student loans, parent plus loans having special protections in bankruptcy, and just plain old federal research funding. That money could be easily be premised on tuition as a multiple of the Stafford loan limit. [/quote] I loved this idea! I hope people on Capitol Hill are reading this thread! [/quote]
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