Reply to Is there any correlation between income and merit aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s a really broken system, especially as more and more students are subsidized and the cost skyrockets for the few who are actually paying for their education.

Higher SES is held against a student at the time of application, and then the actual cost of their education can also threaten to wipe out a significant portion of their family’s wealth, especially if there are multiple kids to provide for over a 5-10 year period.

Meanwhile, another student whose education was fully subsidized by others (at a better school, mind you, often leading to more lucrative career prospects) emerges with zero debt and no reduction of their family’s wealth.

Wealth redistribution. Just call it what it is.[/quote]

Fully subsidized families do not have any wealth. There is no reduction because there is nothing to give. [/quote]

Understood. However, the current system results in the next generation of those families undergoing transformation through this process - taking from one (the family paying retail, typically at a lesser school b/c their wealth was also held against their kid at admissions because he’s not URM or he’s from a more affluent school where the comparison to his cohort is more rigorous, etc.) and giving it to another.

The lower SES kid, at least in theory, emerges with a more lucrative future.

That’s redistribution.[/quote]

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