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College and University Discussion
Reply to "As tuition continues to climb in price = easier to get into?"
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[quote=Anonymous][quote=Anonymous]Little to no effect. First, student loans are easy to get and "cheap" money (interest rate-wise). Second, at most costly universities, 50-75% of American students receive some form of financial aid. So, the percentage of American students actually paying the full price is rather low, and they can probably afford it. At most universities, admissions is need-blind. N (Non-Americans are not eligible for financial aid.)[/quote] This is awfully naive. While loans are easy to get, who wants to owe $300,000 coming out of college? That is equivalent to a mortgage on a house. How is a young person supposed to pay back that kind of loan and buy a house and put their own kids through college. Also, most schools are NOT need blind. [/quote]
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