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>Yale, which has an endowment of $23.9 billion Fascinating. Yet they still require their students to pay tens of thousand of dollars each year in tuition. They
by Jerry2 11y ago
>Yale, which has an endowment of $23.9 billion
Fascinating. Yet they still require their students to pay tens of thousand of dollars each year in tuition. They should do what Stanford did and make education free for students whose families earn less than $125k.
- rhc2104 11y agoYale does have a comparable program. http://admissions.yale.edu/financial-aid http://admissions.yale.edu/financial-aid Families don't have to pay if they make less than 65k. Stanford's program is similar. Their 125k threshold is for not paying tuition, but a family making 125k is expected to pay for room and board.
- emmett 11y agoQuoth Yale's website: "Yale does not require students to take out loans for their education. Instead, Yale meets 100% of demonstrated need for all admitted students with a financial aid package consisting of need-based scholarships, term-time employment, and a student income contribution." http://admissions.yale.edu/financial-aid-prospective-students#101 http://admissions.yale.edu/financial-aid-prospective-student... So...Yale does what Stanford does already...
- dragonwriter 11y agoYale -- like a lot of elite private schools -- has very comprehensive need-based financial aid that often covers full costs. Despite the higher nominal tuition, its usually practically cheaper for a low- to moderate-income student who can get into such a school to pay less out of their own/parent funds (including both out-of-pocket and loans) than they would if they went to a nominally cheaper public university. This has been true of elite universities in general for decades.
- thrownaway2424 11y agoYale already does that. Tuition at top universities is essentially a steeply progressive tax. If you're a Rockefeller you pay the sticker price. Everybody else gets a discount.