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1991 MIT won a supreme court case that allowed them to raise tuition as much as they wanted as long as they gave out cost breaks to students that would not be a
by downrightmike 4y ago
1991 MIT won a supreme court case that allowed them to raise tuition as much as they wanted as long as they gave out cost breaks to students that would not be able to pay that much, this qualified MIT to be taxed as a charity and pay nothing in taxes. Other schools followed and jacked up tuition. They still are. It is all a grift. Even in the 90's the freshman class at MIT paid more than enough to fund all the teaching needs of all the other classes along with their own. Realistically, if student loan forgiveness happens, it needs to be pulled from the college endowments that the tuition stuffed into.
- Wyoming23 4y agoThis system also obliterates the middle class and penalizes saving money while rewarding irresponsible behavior. It essentially makes the system be "tell us how much money you have, and that's what the price is for you". If you spend 18 years saving money for your kid's college, or they work and save during high school, the university just takes all that money. If you spend it all instead, you'll get more "financial aid" to lower the price. Which, if you're a socialist school administrator is great news. No one keeps any money, everyone leaves school equally poor and dependent on the state, regardless of their previous labor or financial responsibility.