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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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would put Fordham in the category of schools that are so expensive that no one applies and then they have to take anyone that can afford to pay the tuition. Probably urban schools like UCLA, NYU. GW.[/quote] # of applicants in 2015 NYU - 60,000 GWU - 25,000 Fordham - 41,000 According to their website, the number of NYU applications received was not only the largest ever, but also the largest increase year-to-year since 1999. maybe you and I have different definitions of "no one applies"?[/quote] These explosions in application numbers have to do with demographics. These applicants are the children of the post WWII baby boom. After these kids are done, there will be a smaller applicant pool. Some less competitive colleges will close their doors or lower their price. They will have to. But there will always be enough wealthy people to send their kids to the elite colleges, so no, they will not become easier to get into. Middle class kids will go to public colleges. [b]Middle class kids are already priced out of the colleges that don't offer merit aid, including all the elite colleges.[/b] [/quote] Not even remotely true. Middle class families generally pay LESS at the elite colleges than they would at state schools. (Unless you're one of those loons who thinks $250k/year is middle class.) At Harvard, for example, up to $150K you'll pay 10% of your income. If you make less than $65K, you go for free.[/quote] Surely this depends on your definition of "middle class." I doubt anyone with an HHI of $65K thinks of themselves as "middle class" unless they are single. A family of four living on $65K is perilously close to the poverty line. Harvard is not a good example to use in this case. It has an exceptionally large endowment and it offers the most generous FA of any college. Most people with an HHI of $150 (which is lower middle class in this area) will only be eligible for loans at most private colleges. You'd have to give an example to back up your statement that middle class (however you define MC) families pay less at elite colleges than they would at state schools. I find that statement unlikely to be true except, possibly, at HYPS, and even then, I really wonder if its possible. OOS public college costs are nearly as high as private colleges, but in-state tuition is pretty hard to beat anywhere. [/quote] Check the common data sets. Really, this information is easy to find, I'm not going to do the work for you. [/quote]
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