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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

https://www.acenet.edu/Documents/Understanding-College-and-University-Endowments.pdf

[i]How are endowments used?
For private nonprofit colleges and universities—and increasingly for public institutions—endowments provide stability, flexibility, and a degree of confidence for the future. …  The reliable long-term support from an endowment enables institutions to increase student financial aid, make commitments to senior faculty, initiate pioneering research, develop stronger teaching programs, invest in new technologies, and maintain their libraries, laboratories, and other physical assets.
According to NACUBO, institutions are overwhelmingly spending their endowments on supporting their students; for fiscal year 2020, 65 percent of spending was on student financial aid and academic programs.[/i]

https://www.usnews.com/news/education-news/articles/2019-01-31/half-of-all-endowment-spending-by-colleges-supports-financial-aid

[i] Amid a national outcry for higher education institutions to do more to increase access for poor students – especially elite schools with billion-dollar endowments – new data show that nearly half of all endowment spending by colleges and universities supports financial aid.

"This was the largest single area of endowment spending," Susan Whealler Johnston, president and CEO of the National Association of College and University Business Officers, said this week in a call with reporters. "This clearly demonstrates the deep commitment colleges and universities make to support financial aid and student success."[/i][/quote]

PP here. This quote says that universities use their endowments for financial aid, but it doesn’t say that they cover all of their financial aid spending through their endowments. I would bet that very few universities are able to do that. Except for the schools at the very top of the endowment heap, every university is tuition-dependent. At most private universities, people paying full tuition are subsidizing people who are paying less. And at public universities, people paying out-of-state tuition are subsidizing in-state students.  [/quote]

These quotes are from press releases. Of course they say that colleges are wonderful and caring. These are promotional advertisements.[/quote]

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