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College and University Discussion
Reply to "Lessons learned from the college process "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Are you the same guy from the Ivy thread who stopped there when the evidence was posted showing your claim is false? Regardless, it is, and here is the evidence again: the school reports that about [b]70% of Harvard students receive some form of financial aid[/b], and claims that students whose parents make less than $65,000 are not expected to contribute any funds, and that “[b]90% of American families would pay the same or less to send their children to Harvard as they would a state school[/b].” https://www.cnbc.com/2019/04/05/it-costs-78200-to-...hat-students-actually-pay.html[/quote] You are making the point for me, Holmes. Now, go check to see how may Harvard undergraduates qualify for Pell grants. I'll betcha it's 10% or less. Where do you think the dough comes from to subsidize the Harvard kids who can't pay full price? Do you think it grows on trees in Harvard Square? This is nothing more than an income redistribution problem: How many full-pay students do we need to admit in order to be able to subsidize, to some extent or another, the rest of the students we admit? Maybe the answer is 30%. So, we get 30% to pay full freight, and that allows us to subsidize the others -- some modestly, some moderately, a few lavishly -- such that we maintain an average revenue per student equal to approximately 1/2 our published sticker price. There's a whole new quasi-science devoted to this kind of thing. It's called enrollment management.[/quote] What a beautiful skill, to be able to just completely ignore the actual data, and double down with "betcha" and "maybe". An easy google shows 17% of Harvard students get pell grants https://college.harvard.edu/guides/financial-aid-fact-sheet [/quote] No need for pettifoggery. The point remains: it's income redistribution that makes possible the revenue model Harvard employs. The real question is this: what are the moral implications of using marketing cache (and the insecurity of the targets of the marketing hype) to induce some to subsidize others -- when, as many have noted, Harvard is rich enough that it needn't charge anyone any tuition?[/quote] One at a time: [quote]No need for pettifoggery. The point remains: it's income redistribution that makes possible the revenue model Harvard employs. [/quote] Please show your evidence, and don't forget the most important part - how Harvard and ivy league schools differ from other colleges. When you look at the actual data, LIKE THAT POSTED ABOVE, you'll see Harvard is cheaper for most families and how a much larger percentage of Harvard (and other elites) students get need based aid than those at most other colleges. [quote]The real question is this: what are the moral implications of using marketing cache (and the insecurity of the targets of the marketing hype) to induce some to subsidize others -- when, as many have noted, Harvard is rich enough that it needn't charge anyone any tuition?[/quote] That's not the real question to anyone except you. BTW, I am a full pay Ivy parent, and feel extremely, extremely lucky to be so. [/quote] You should get a charitable deduction for the portion of your billing that subsidizes someone else's kid. Bring it up with your congressman.[/quote]
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