Reply to The New America: Elite Privates forever out of reach for UMC?

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[quote=Anonymous][quote]Yes, it's a false equivalency. You're also defending the system because it's clear you want to justify spending so much money on what is increasingly, as time goes on, a less valuable product, the fancy college degree. Your child would likely be much better off if you simply dumped most of the money into a investment account and told them not to touch it until they were 65, and sent them to the state university instead. You also want to justify effectively being robbed to help a few more poor kids go to fancy colleges.[/quote]

Now who is being judgmental?  The fatal flaw in your argument: many of us don't educate our kids seeking a fiscal ROI calculation.

[quote]Some research not long ago, maybe last year as it as shared on here, shows the demographics of the top colleges are increasingly becoming binary, poor on full near full packages and rich on full freight. [/quote]

Well thanks for showing that research, and linking to it.  Plenty of others linked to the opposite!

[quote]I can also look at the rest of your argument. You're demanding to know why you should subsidize someone making over $200k. Ok, let me ask you, why is it $200k? Why shouldn't it stop at $100k? It's an arbitrary figure to use and because it's arbitrary it's trapped a lot of people in that bracket (say the $150-$300k) who are the ones who struggle to afford the private colleges, either not getting enough aid or no aid at all. That's a major chunk of the upper middle classes who used to dominate these private colleges. [/quote]

It's not my decision what they charge.  It's my opinion that what they charge is their decision and as far as I can tell it is very, very fair.

[quote]Then, of course, as someone pointed out earlier, the calculators used for financial aid don't take into account long term income trends. You may have just been making $200k for a few years and don't have anywhere near the money to pay full tuition as most people can't pay $80k out of a $200k income once taxes are paid and day to day living need to be covered.[/quote]

As shown above, income is only part of the calculation.  At Yale it's 20% up to $200K.  Assets are the big one, but the situation you describe the family would not have large assets so should not be a problem.

[quote]And since you demanded people should pay what they can afford, here's the other newsflash for you: even the full freight kids are, according to all the top colleges, subsidizes and don't pay the true "accurate" cost of educating the kids as the endowment covers the rest. So sneering at people for not paying what "they can afford" while you're being subsidized by the generous alumni donations of people who attended when the colleges were much cheaper is the epitome of hypocrisy. [/quote]

I don't think you know what "hypocrisy" means.  Alumni and other donors often give for specific purposes, and guess what happens if they don't like what the school is doing?  They stop giving.  The colleges are doing things for the benefit of the institution they serve.[/quote]

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