> What's happening is that only students from wealthy families are paying $70k a year, and they are basically subsidizing everyone else. To be fair, this is wh

> What's happening is that only students from wealthy families are paying $70k a year, and they are basically subsidizing everyone else. To be fair, this is what the system strives to. More and more schools are achieving an equitable balance (this is also why top unis are shifting towards need-based policies, as opposed to merit-based ones: your merit threshold for FA should be the threshold at which you accept students), but there are still kinks (IIRC students from farms are one notable demographic - their families tend to have high cashflow, because of the sheer value of the equipment and crops that they work with, even though their net income is incredibly low). On the other hand you have schools like NYU that pretty much exist to strip their students of financial assets: they combine administrators who don't care for furthering their institutions as ones of education, but rather moneymaking tools, with financial aid offices so miserably incompetent that they presumably only exist so that they can claim to have such on marketing materials. (Apologies for the vitriol, but as a New Yorker I've always been ashamed of the school, and it embodies all too well so many of the things wrong with our higher education system.)