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Reply to "How does most of America pay for these elite schools?"
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[quote=Anonymous]I think affordability is a huge reason why wealthy and UMC families are so overrepresented at elite schools. The majority of America looks at the cost and advises their kids to go elsewhere. The crazy thing to remember is how many wealthy families there are in this country (not to mention all the international families sending their kids to college in the U.S., too). I just looked it up -- 13.61 million households have over $1 million net worth outside of home equity. So how do the people on DCUM afford elite private colleges? A ton of them actually have the money. Or, like the majority of Americans with more normal incomes, they take out massive loans to cover whatever aid doesn't. [/quote]
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