Anonymous wrote:While there is clearly a wide range of incomes, I would guess that the typical non-financial aid family at one of the selective private schools earns at least $3-400k/year. So a 3% COLA is $9-12k - plenty to cover an addition $1-2k for tuition. Obviously families making half of that will have a harder time if they don't get financial aid, but there are very few families in that income range. Until there are more slots than applicants, there will be plenty of families lining up to pay tuition.
Think you are a little clueless. Pretty tough to get FA if you are making $200k per year. Many people are not getting COLA's or any raise at all. ( I have not in 2 years) That is why the continuing 3-4% really hurts. Yes many businesses have costs but what business has seen their costs rise by 40% over 10 years ( a 4% increase every year for 10 years) except maybe for health care?
I suspect if that was the case they would not be able to stay in business,