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It was always baffling to me that collusion on financial aid wasn't illegal (also note that it's not just the Ivies that are involved.) I find this particularl

It was always baffling to me that collusion on financial aid wasn't illegal (also note that it's not just the Ivies that are involved.) I find this particularly interesting: "But the 3rd Circuit’s 1993 rationale isn’t helpful to the Ivies today. Back then, the court rejected the government’s accusation that the schools’ cooperation on financial aid increased tuition for other students. But subsequent work has concluded that the government was probably right." Over the past 30 years, universities have absolutely continued to raise tuition and fees beyond the rate of inflation. They have increased the size of university administrations and enhanced campus facilities and services to some extent, but the educational benefit isn't as clear, while student loan debt has ballooned. Tuition at Yale (for example) was about $15K in 1993 (equivalent to around $31K today.) In 2023 Yale's tuition is more than $64K. I'd like to hear Yale's explanation of how this is possibly sensible.

whimsicalism 4y ago
But very few at Yale etc. pay full sticker. it’s basically perfect price discrimination you have to have a very affluent family to pay full sticker at Yale or Harvard.
- musicale 4y ago
  Are you suggesting that doubling tuition didn't actually put more money in Yale's pockets? Yale currently takes in some $475 million in tuition, room and board. In 1990 the number was $165M, equivalent to about $378M today.
  - grogenaut 4y ago
    How is $475 2x $378? At 14,567 students that's 32,607 each. Website says tuition is 59,950.
    - musicale 4y ago
      Good point - $32K per student is actually lower than it was in 1991, and that is likely due to including grad students, whose numbers have increased and whose tuition is often covered by assistantships. Grad students are still paid poorly however, especially when one considers the amount of money the research they perform brings into the university.

whimsicalism 4y ago

But very few at Yale etc. pay full sticker. it’s basically perfect price discrimination you have to have a very affluent family to pay full sticker at Yale or Harvard.

musicale 4y ago
Are you suggesting that doubling tuition didn't actually put more money in Yale's pockets? Yale currently takes in some $475 million in tuition, room and board. In 1990 the number was $165M, equivalent to about $378M today.
- grogenaut 4y ago
  How is $475 2x $378? At 14,567 students that's 32,607 each. Website says tuition is 59,950.
  - musicale 4y ago
    Good point - $32K per student is actually lower than it was in 1991, and that is likely due to including grad students, whose numbers have increased and whose tuition is often covered by assistantships. Grad students are still paid poorly however, especially when one considers the amount of money the research they perform brings into the university.