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I mean, it basically boils down to money. Set prices high enough and you get those who can afford it. And if you've always been elitest, then alumni admission
by Mikeb85 4y ago
I mean, it basically boils down to money. Set prices high enough and you get those who can afford it. And if you've always been elitest, then alumni admissions will all be upper class as well.
- closeparen 4y agoElite schools practice need-blind admissions and have generous need-based financial aid. The more elite the school, the higher and gentler the taper to full price as you go up the family income scale. Poor kid gets a full ride anywhere. Middle class kid gets a full ride from Harvard, half off Chicago, sticker price at Northeastern. Only the mediocre private schools (or stingy rich parents) actually price kids out. Almost all of the SES filtering is based on grades, test scores, and essays.