8 ms·

FWIW, most Ivy League and other top schools (MIT, Stanford) offer extreme discounts on tuition for students with household income under around $150K. Often time

by skizm 3y ago

FWIW, most Ivy League and other top schools (MIT, Stanford) offer extreme discounts on tuition for students with household income under around $150K. Often times they'll pay somewhere between 0-10% of the actual tuition. If your family makes less than $75k, I think you can go to most or all of these schools for free (in tuition at least, not sure about room/board/food).

uneekname 3y ago
I'm glad they do that. But those kids still have to get in. Which is much more difficult for a kid graduating from an under-resourced high school. I went to a very privileged high school. There were so many eyeballs on my class' test scores, recommendations, personal essays...of course we were going to succeed. Most of us got into our top choice schools. You often need a lot more than money to get into these schools.
- cudgy 3y ago
  Money is at the root of everything you just mentioned.
MengerSponge 3y ago
For competitive students, private universities often are substantially cheaper than their state institutions. And the benefits are growing. Duke, for example, will waive tuition for all students from NC and SC whose families earn less than $150k. Automatic Room and board and supply support kicks in at $65k. Davidson was one of the first, but a lot of schools don't include loans in their aid packages any more*. These aren't special named scholarships either! These are automatic benefits to all admitted students. If the school wants a particular student, there are extra pots of discretionary money available as scholarships, prizes, etc. If you're in the top 10% of your HS class and you can afford to leave home and study full-time for a few years, you really should swing for the fences. The best private schools tend to have higher 4-year graduation rates, so you win coming (out of pocket) and going (opportunity cost). *) Middle-income houses probably need to take out loans to match their obligation. **) Me: Public HS, Private BS, Public PhD
cudgy 3y ago
So do you believe these schools are unbiased regarding admission to students that require such aid (nonprofitable) versus wealthy students that require no aid (profitable)? This article is pointing out that these (and likely lower ranked schools) are biased toward the profitable candidates. Given that is the case, it is a long-shot on top of a long-shot to be admitted to Ivy League without paying out of pocket.

by skizm 3y ago

uneekname 3y ago

I'm glad they do that. But those kids still have to get in. Which is much more difficult for a kid graduating from an under-resourced high school. I went to a very privileged high school. There were so many eyeballs on my class' test scores, recommendations, personal essays...of course we were going to succeed. Most of us got into our top choice schools. You often need a lot more than money to get into these schools.

cudgy 3y ago
Money is at the root of everything you just mentioned.

MengerSponge 3y ago

For competitive students, private universities often are substantially cheaper than their state institutions. And the benefits are growing. Duke, for example, will waive tuition for all students from NC and SC whose families earn less than $150k. Automatic Room and board and supply support kicks in at $65k. Davidson was one of the first, but a lot of schools don't include loans in their aid packages any more*. These aren't special named scholarships either! These are automatic benefits to all admitted students. If the school wants a particular student, there are extra pots of discretionary money available as scholarships, prizes, etc. If you're in the top 10% of your HS class and you can afford to leave home and study full-time for a few years, you really should swing for the fences. The best private schools tend to have higher 4-year graduation rates, so you win coming (out of pocket) and going (opportunity cost). *) Middle-income houses probably need to take out loans to match their obligation. **) Me: Public HS, Private BS, Public PhD

cudgy 3y ago

So do you believe these schools are unbiased regarding admission to students that require such aid (nonprofitable) versus wealthy students that require no aid (profitable)? This article is pointing out that these (and likely lower ranked schools) are biased toward the profitable candidates. Given that is the case, it is a long-shot on top of a long-shot to be admitted to Ivy League without paying out of pocket.