Reply to What is a "donut hole family"?

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[quote=Anonymous][quote=Anonymous]  I think the fact that top 25 universities and SLACs are no longer affordable for the middle class has contributed to the [b]resentment of coastal elites[/b] and the rise of Trumpism.    The FAFSA is structured in such a way that elite colleges are now comprised of either full pay (the top 2% of US households) or substantial need.  No one is going to those colleges who is representative of what is left of the American middle class.  This is not a new problem---it was around when I applied to college in the 1980s as well---though it has gotten a lot worse given that college costs have skyrocketed well past average consumer price increases over the last 3 decades.      [/quote]

And rightly so.  Especially considering a lot of the so called "coastal elites" save like hell for their kids education only to be denied admission.  I propose that we withdraw all tax support for schools with an endowment level and/or annual tuition exceeding a certain thresholds (say $2B/$40,000).  A selective SLAC may choose to increase fees by 25% to compensate knowing fully well there will be takers.  Another might cut fees to keep costs down because they are more woke and still get the tax benefit.  [/quote]

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