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About 65% of students at Yale receive need-based financial aid from the University. Students coming from households making less than $65k don't pay anything at
by cshimmin 8y ago
About 65% of students at Yale receive need-based financial aid from the University. Students coming from households making less than $65k don't pay anything at all for tuition/room/board. So clearly some of that endowment money is "trickling down".
Source: https://finaid.yale.edu/costs-affordability/affordability https://finaid.yale.edu/costs-affordability/affordability
- whatshisface 8y agoAt the university of Whatshisface, tuition is $10^12/semester, and everyone receives $(10^12-10^3)/semester in needs-based financial aid. I assure you that I have a karmatic license to do anything I want - after all, summed across all students I give more than the GDP of many small countries.
- cshimmin 8y agoRight... From the stats from Yale linked above, the median net cost after financial aid is $12.5k. That's a lot less than I paid to go to a public university. As for a "license to do anything", it's not clear what exactly you're complaining about here? They get some money through non-merit based admissions, sure, and then use the money to build nice things for students, and to help cover most students' tuitions. The point of this thread is that there's a difference between private schools accepting donations for this purpose, vs. corrupt individuals accepting bribes. The latter case benefits only the unmeritious student and the corrupt individual, and not the university has a whole.
- bsanr 8y agoI wonder how that compares, demographically, to the proportion of students receiving need-based financial aid and full-rides at my alma mater (an HBCU with a substantially smaller endowment).