Reply to As schools near $100K/year when will that affect the pool of students?

Forum Index » College and University Discussion

Reply to "As schools near $100K/year when will that affect the pool of students?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It already is. In theory, we could "afford" to send our kids anywhere. In practice, DC1 chose to stay instate (where we get a tuition break on top of lower tuition anyway, due to one parent's job). Total for DC1 for 4 years should be around $100K, which is about what it was for me to go to an expensive private college back in the early 90's.

It's truly hard to imagine how it would be "worth" $300K more for an undergraduate education. We're already seeing more and more great students choosing public colleges and universities, and that helps to make those schools better. I think the tipping point will eventually be that if costs of private keep rising, the best students will be choosing public, and then the whole system will implode. [/quote]

There will always be wealthy smart students who can afford the elite schools.  Just look at the elite HS in NYC where people pay $50K+/year.  Same for all the elite boarding schools in the Northeast.  People paying $75 k+ for a year of HS will have the money for college
[/quote]

Yeah, but this pool of people is not that large.  OP here and my kids go to a $50K private (on aid) in DC.  There are about 500 kids in DC who attend $50K schools and at least 1/3 are on aid.  So say 300 kids in DC who are paying $50K for high school (many of whom live in MD and VA). 
That's not a whole lot of kids.  It's only one city but ultimately there aren't that many boarding schools and other $50K high schools (plus the top boarding schools (Andover, Exeter, etc) have 50% of the kids on aid). 
Yes, there are a lot of rich people out there but the pool is not endless.    [/quote]

You're sending your kids to private high school while also complaining that college is unaffordable?  Maybe you should send them to public high school and save for college instead.

A lot of colleges give financial aid.  They just don't give as much of it as a lot of people wish they would.  But the university plan, roughly speaking, is to set the sticker price as high as possible so they can get as much as possible out of their rich students so they can afford to subsidize smart poorer kids.  If they did away with financial aid, the price would go down.  But they'd cut down their pool of applicants to those who can pay.  They're choosing not to do so.  Do you disagree with their philosophy, or are you just mad that you're rich enough that colleges think you "can pay"?  Because you could quit your job and give all your money to charity and then you'd be very eligible for need-based aid![/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics