Reply to Are top private colleges mainly for poor people now?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The opposite is true,

according to the new research by Stanford economist Raj Chetty and co-authors.They show that 14.5% of students in America’s elite universities (eight Ivy League colleges, University of Chicago, Stanford, MIT, and Duke) are from families in the top 1% of income distribution, compared with only 3.8% from the bottom quintile. That’s a dramatic overrepresentation of the richest Americans.[/quote]

But think about it. We are talking about a 320k education. Why would the very poor and the very rich be equally represented? Also there are many moor poor people than very rich people so while very rich people are of course over represented they seem to be very much outnumbered by lower income people on campus. [/quote]

What are you talking about?  Op is only referring to "top" colleges.  These places are need blind and have endowments in the billions.   Affluent students are way overrepresented.   Spend a week at a top college and see how many poor kids you can find.  Good luck.[/quote]

Yet the majority are receiving massive need based aid.[/quote]

[b]Massive for the lowest income[/b] ...possibly full ride and then down from there depending on the calculator.   They do not this policy in any way.   Plenty of families want to attend even if they are full pay or only getting awards of 10, 20, 30, 40 percent.  But not all think it is worth it and they go to cheaper schools [/quote]
not the lowest of incomes, or even low income. household incomes up to the 75th, 80th, 85th percentile in the us will receive "massive" aid from the top colleges. Over half of households in the us would qualify for free room, board, and tuition at stanford, for example. 80% of households ($150k) would receive free tuition at stanford. now, of course there is the argument that lower/lower middle/midle class kids are less likely to get into stanford et al. than their higher income peers. fair. still, not remotely accurate to say you need to be low, and certainly not lowEST income for "massive aid."[/quote]

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