Reply to Which school offered the best financial aid package to your child?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My kids applied to many CTCL colleges in the Midwest and the Pacific Northwest.  Every single one of the CTCLs offered about 50 percent off.  These were merit scholarships.  By contrast, the NESCACs offered no aid at all, which was fair since both spouses worked and the family had enough money to pay full tuition.  We ended up with a NESCAC student and a CTCL student. (My kids actually preferred many CTCLs to many NESCACs due to location, vibe, etc )[/quote]

The CTCL schools give merit to everyone, with many giving the 50% figure you mention.

At some point maybe they will just drop the COA by 50% beciause the rack rate is scaring people off.[/quote]

A couple of schools dropped the list price for tuition in the 1990s, and they found that applications DECREASED.  College is a luxury good and people think high prices signal quality, apparently. [/quote]

Interesting. Although in the 1990s $20k in tuition was probably seen as expensive and “luxury.” As college sticker prices have climbed exponentially in the last 30 years, some are finally realizing that student loan debt isn’t always worth it. Plus with colleges facing the demographic cliff and related enrollment challenges, I wonder if they should reconsider this approach. Some families may be looking for better deals and get scared off by huge sticker prices on the shelf.[/quote]

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