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College and University Discussion
Reply to "Top Colleges Are Cheaper Than You Think (Unless You’re Rich)"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] But I have to admit I don't understand why there is not a private school that tries to have state-school like tuition? Why don't any of the privates try to compete on cost?[/quote] The most elite private colleges don’t have to compete on cost; they could charge more than they do now and still fill their classes. The lower ranked private schools DO compete on cost. Every single one of of privates my child applied to discounted/gave merit aid that was enough to make tuition, room and board total less than our in state flagship university (Illinois, notriously expensive in state tuition combined with extremely shaky state finances.)[/quote] > Now you're making no sense at all. Colleges that don't have to compete on cost don't need to give merit aid. They nearly all do pretend to give need-based aid, however. They just have a very different definition of "need" than most of us who make around $130K.[/quote]
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