I highly doubt Princeton will be getting rid of legacy. The Princeton legacy admits from our school were the most egregious.

I’d take that bet, op. What’s the wager?

Anonymous wrote:

Anonymous wrote:In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.

What about the non-need based kids? Princeton doesn't generate enough money to give out merit aid for all those kids, and they are not about to deplete those endowments.

They actually do, and they're not alone. HYPS could all be tuition/board free if they wanted to based only on endowment growth and returns each year. Don't have time now to dig up some sources but they're out there.

Anonymous wrote:

Anonymous wrote:In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.

What about the non-need based kids? Princeton doesn't generate enough money to give out merit aid for all those kids, and they are not about to deplete those endowments.

We need to have a real conversation about why we allow these universities to hoard tens of billions in endowments if it's not for education. There are people out there who think Princeton doesn't generate enough money to give merit aid to all those kids!!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.

What about the non-need based kids? Princeton doesn't generate enough money to give out merit aid for all those kids, and they are not about to deplete those endowments.

+1000

Almost 40% are FULL pay. Why would they eliminate that income?

because they have a mission? or they should pretend to have a mission? or they want to get ahead of the US people and US government asking why they get to be a NFP hedge fund with tax advantages with a small college attached that charges 90k a year?

their endowment has grown 12% a year for last 10 years. that's over 4 billion.

most NFPs feel okay drawing down 4% a year. leaves growth. for princeton that would like 1.5billion alone. not counting alumni contributions and the rest. tax advantaged!

paying for all the full pay would be 150 million. It's really not defensible that these schools charge tuition.

Anonymous wrote:

Anonymous wrote:In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.

What about the non-need based kids? Princeton doesn't generate enough money to give out merit aid for all those kids, and they are not about to deplete those endowments.

+1000

Almost 40% are FULL pay. Why would they eliminate that income?

Anonymous wrote:Regis High School has this model. Leads to loyal alumni who contribute with no exception of payback (ie their kid getting in), endowment draws down less than it makes in investments, the value of the school was enhanced.

DCUM would not approve, I see from these knee jerk negative reactions. Like always!

I agree this will happen at some point.

Same with Curtis. (DCUMers are not exactly blue flame thinkers..)

Also agree that it will happen at some point. NYU already does this for their medical school.

Regis High School has this model. Leads to loyal alumni who contribute with no exception of payback (ie their kid getting in), endowment draws down less than it makes in investments, the value of the school was enhanced.

DCUM would not approve, I see from these knee jerk negative reactions. Like always!

I agree this will happen at some point.

Giving something away usually doesn’t enhance its value.

Anonymous wrote:

Anonymous wrote:In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.

Citation please? Oh right, there isn't one. You just want to post something and waste everyone's time.

DP: Did you see that OP wrote "I predict" and "I think"? Their own writing is their citation because they are making a bet and expressing their opinion. As one does on a forum. Citations are for when you claim facts or that someone else has made that prediction.

Somebody is bored and lonely. There is nothing to discuss. Just let them sock puppet for a few days

Anonymous wrote:In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.

What about the non-need based kids? Princeton doesn't generate enough money to give out merit aid for all those kids, and they are not about to deplete those endowments.

Anonymous wrote:In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.

Citation please? Oh right, there isn't one. You just want to post something and waste everyone's time.

In other words, nobody pays anything. It will probably be Princeton. Also, they'll get rid of legacy at same time.

I get that they take in a lot of money in tuition, but they already have half the kids going for nothing. And they don't need the money. And they'll be able to get rid of a pretty large and expensive administrative department.

I think it will start as tuition only and within another few years, 5 or so other colleges will follow.