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College and University Discussion
Reply to "schools w/ no merit aid"
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[quote=Anonymous][quote=Anonymous] (and FYI, merit money and FA do not come out of other students' tuition so settle down there on that point).[/quote] Of course merit money and FA come out of the tuition that others are paying. Where else would the money come from? At most schools, tuition is the main component of the operating budget. Very few schools have the kind of endowment that can cover all the need-based financial aid they give, and those schools are usually ones that don’t give merit aid. I sympathize with the OP’s frustrations, but the folks who have said that competitive elite schools are luxury goods are correct. It’s best just to think of them that way and move on. [/quote]
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