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College and University Discussion
Reply to "Do you give $ to your alma mater?.... why or why not?"
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[quote=Anonymous]No. While I enjoyed and value my college experience greatly, the reality is that they have simply become large passive investment pools. They use those large passive investment pools to sustain higher list tuition prices (which are really nothing other than a fraudulent way of trying to signal "value" and exclusivity) by offering "scholarships" to price discriminate in ways that have increasingly less to do with merit. Honestly, it's almost indistinguishable from prescription drug pricing behavior. (High list prices, sustained by patient subsidies generated from the high list prices and third party subsidies.) As to grad school (GW Law), well, when the ABA raised concerns some years ago during their accreditation process that law tuition was essentially subsidizing the medical school, that was the end of that. [/quote]
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