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>some colleges started raising tuition and then offering more financial aid and discount packages. This isn't necessarily a nefarious thing. For example, Harva
by slg 4y ago
>some colleges started raising tuition and then offering more financial aid and discount packages.
This isn't necessarily a nefarious thing. For example, Harvard is famous for its goal of tuition never being a blocker for someone attending. Therefore an increase in the sticker price doesn't affect many people outside high income and net worth individuals and families. This just shifts a higher percentage of the costs to the people who can actually afford it which is generally good. If you want me to be concerned about the tuition costs of these elite private schools, at least tell me the median tuition paid and not the amount paid by the ultra affluent.
- musicale 4y agoAn increase in the sticker price certainly eats up outside scholarships and loans. Harvard (and other ivies) may have eliminated student and parent loans for most undergraduates, but master's and professional students (and possibly their parents) often have to take out loans. And a large sticker price often means that the university simply pockets the entire amount of outside scholarships, deducting it from financial "need".