Anonymous
Post 11/01/2024 14:08     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It’s she unfair but benefits the wealthy so won’t go anywhere.


You do realize the wealthy, full-pay families are what provide so many benefits to the students who can’t afford full-pay, correct?


Can you cite the benefits you are referring to? Please provide specific examples.


Would you rather have your poor kid go to a school with all other poor kids, or one with many rich kids? Say stats are the same for the sake of argument, but be honest with yourself.

For most people, the presence of rich kids is itself a benefit.


Why would the poor kid want to go to school with rich kids?


Connections. Your roommate or friend's parents are rich and well connected and they help you find internships and jobs. If you remain friends with them after college, you have a group now that has many more connections than the average kid or poor kid where 90% of their community never went to college.


Show us a peer-reviewed study that demonstrates this actually happens. Just one.


Different poster, I am on the parent’s council at a top but not T10 private. This is a mechanism to increase parent giving that is incredibly successful and leads to the funding of projects that benefit all undergrads. Further, I know for a fact that parents on the council make sure that their companies recruit from the school, again benefits all undergrads.
Anonymous
Post 11/01/2024 14:07     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It’s she unfair but benefits the wealthy so won’t go anywhere.


You do realize the wealthy, full-pay families are what provide so many benefits to the students who can’t afford full-pay, correct?


Can you cite the benefits you are referring to? Please provide specific examples.


Would you rather have your poor kid go to a school with all other poor kids, or one with many rich kids? Say stats are the same for the sake of argument, but be honest with yourself.

For most people, the presence of rich kids is itself a benefit.


Why would the poor kid want to go to school with rich kids?


Connections. Your roommate or friend's parents are rich and well connected and they help you find internships and jobs. If you remain friends with them after college, you have a group now that has many more connections than the average kid or poor kid where 90% of their community never went to college.


Rich kids are in a clique with other rich kids. The idea that they’ll befriend a poor kid is laughable.

It’s actually the middle class striver parents not the poor parents who think their kid will “make connections” with rich kids at a prestige school. They are deluded. Their kid will not be in the rich kid clique either.
Anonymous
Post 11/01/2024 14:07     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:I've heard speculation that ED could be challenged on an anti trust basis. I don't know how cogent that argument is and I didn't see it being accepted by the current Court. Unless there's some movement on that, this thread is a lot of hot air. Things do not simply become fairer over time as if by magic.


I hope so; it's an advantage that UMC families refuse to admit is a thumb on the scales for their precious children.
Anonymous
Post 11/01/2024 14:06     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:
Anonymous wrote:


Would you rather have your poor kid go to a school with all other poor kids, or one with many rich kids? Say stats are the same for the sake of argument, but be honest with yourself.

For most people, the presence of rich kids is itself a benefit.


Why would the poor kid want to go to school with rich kids?


Because that's one of the ways that upward social mobility happens. In addition to a great education, lower income kids get exposure to social networks and access to relationships and social resources they might not have otherwise. The smart ones leverage that access and those networks to climb.


Do you have a cite for this claim?


No. I'm offering it as a self-evident truth.
Anonymous
Post 11/01/2024 14:06     Subject: Is binding ED the next shoe to drop?
A lot of posts on here about how rich kids establish exclusive social circles that exclude the scholarship kids.
Anonymous
Post 11/01/2024 14:04     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:


Would you rather have your poor kid go to a school with all other poor kids, or one with many rich kids? Say stats are the same for the sake of argument, but be honest with yourself.

For most people, the presence of rich kids is itself a benefit.


Why would the poor kid want to go to school with rich kids?


Because that's one of the ways that upward social mobility happens. In addition to a great education, lower income kids get exposure to social networks and access to relationships and social resources they might not have otherwise. The smart ones leverage that access and those networks to climb.


Do you have a cite for this claim?
Anonymous
Post 11/01/2024 14:02     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It’s she unfair but benefits the wealthy so won’t go anywhere.


You do realize the wealthy, full-pay families are what provide so many benefits to the students who can’t afford full-pay, correct?


Can you cite the benefits you are referring to? Please provide specific examples.


Would you rather have your poor kid go to a school with all other poor kids, or one with many rich kids? Say stats are the same for the sake of argument, but be honest with yourself.

For most people, the presence of rich kids is itself a benefit.


Why would the poor kid want to go to school with rich kids?


Connections. Your roommate or friend's parents are rich and well connected and they help you find internships and jobs. If you remain friends with them after college, you have a group now that has many more connections than the average kid or poor kid where 90% of their community never went to college.


Show us a peer-reviewed study that demonstrates this actually happens. Just one.
Anonymous
Post 11/01/2024 14:00     Subject: Is binding ED the next shoe to drop?


Would you rather have your poor kid go to a school with all other poor kids, or one with many rich kids? Say stats are the same for the sake of argument, but be honest with yourself.

For most people, the presence of rich kids is itself a benefit.


Why would the poor kid want to go to school with rich kids?


Because that's one of the ways that upward social mobility happens. In addition to a great education, lower income kids get exposure to social networks and access to relationships and social resources they might not have otherwise. The smart ones leverage that access and those networks to climb.
Anonymous
Post 11/01/2024 13:58     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It’s she unfair but benefits the wealthy so won’t go anywhere.


You do realize the wealthy, full-pay families are what provide so many benefits to the students who can’t afford full-pay, correct?


Can you cite the benefits you are referring to? Please provide specific examples.


Would you rather have your poor kid go to a school with all other poor kids, or one with many rich kids? Say stats are the same for the sake of argument, but be honest with yourself.

For most people, the presence of rich kids is itself a benefit.


Why would the poor kid want to go to school with rich kids?


Connections. Your roommate or friend's parents are rich and well connected and they help you find internships and jobs. If you remain friends with them after college, you have a group now that has many more connections than the average kid or poor kid where 90% of their community never went to college.
Anonymous
Post 11/01/2024 13:56     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It’s she unfair but benefits the wealthy so won’t go anywhere.


You do realize the wealthy, full-pay families are what provide so many benefits to the students who can’t afford full-pay, correct?


Can you cite the benefits you are referring to? Please provide specific examples.


Merit and FA at many schools. If a school agrees to "meet all financial need", the federal govt is not providing the vast majority of it---it's coming from the school. Because the school has determined they are a better school if they have a variety of students from all income levels. So they give out up to full cost of attendance in FA to students who "qualify" so they can attend a 90K university.

And they do that for "whatever level of need you have". Some kids it's $20K, others its the whole $90K, and some it is nothing.
Where do you think the merit awards come from at universities? Some form of endowment.
But everyone who is FULL PAY means the university has to give out less aid for the other students.

Anonymous
Post 11/01/2024 13:51     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It’s she unfair but benefits the wealthy so won’t go anywhere.


You do realize the wealthy, full-pay families are what provide so many benefits to the students who can’t afford full-pay, correct?


That's a myth thee days. These schools have massive endowments and could easily make tuition free for everyone at this point.


But none of them are planning to do that, nor should they. If you want free college, look at your CC or your lower tiered State school and get 100% tuition merit. Why would a popular school that has an overall 10% acceptance rate need to pay for everyone?

Just like why should any business just give something away?!?! just because they are worth $$$?

Anonymous
Post 11/01/2024 13:49     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:For every person against ED, there is a chorus of people who want it. Colleges get a lot of pressure from alumni and politicians on this.


Umm...colleges want ED. They are a business. They need to fill their freshman class with X students. So they have to yield manage (to ensure they get at least X but not too many more ---as they only have housing/classes/space for a specific amount). ED allows them to ensure Y% of their fall class is already set in stone. They need to hit their numbers, just like any business

Anonymous
Post 11/01/2024 13:46     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It’s she unfair but benefits the wealthy so won’t go anywhere.


You do realize the wealthy, full-pay families are what provide so many benefits to the students who can’t afford full-pay, correct?


Can you cite the benefits you are referring to? Please provide specific examples.


Would you rather have your poor kid go to a school with all other poor kids, or one with many rich kids? Say stats are the same for the sake of argument, but be honest with yourself.

For most people, the presence of rich kids is itself a benefit.


Why would the poor kid want to go to school with rich kids?
Anonymous
Post 11/01/2024 13:19     Subject: Is binding ED the next shoe to drop?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It’s she unfair but benefits the wealthy so won’t go anywhere.


You do realize the wealthy, full-pay families are what provide so many benefits to the students who can’t afford full-pay, correct?


Can you cite the benefits you are referring to? Please provide specific examples.


Would you rather have your poor kid go to a school with all other poor kids, or one with many rich kids? Say stats are the same for the sake of argument, but be honest with yourself.

For most people, the presence of rich kids is itself a benefit.
Anonymous
Post 11/01/2024 13:17     Subject: Is binding ED the next shoe to drop?
^^^ I meant in the full pay thread, this is the ED thread! Sorry.