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Should this happen, it will end up driving the tuition higher as the institution passes the costs down to customers (students, perhaps also research grants). T
by chasil 3y ago
Should this happen, it will end up driving the tuition higher as the institution passes the costs down to customers (students, perhaps also research grants).
The net effect will be to push customers to lower-cost competitors, limiting the student body to those only highly-monied or with sufficient academic performance to obtain larger subsidies (grants/loans). This might also reduce the level of academic scholarship.
The net effect would be good for competition, on first glance.
- krastanov 3y agoMany undergraduates and most graduate students do not pay tuition at Ivies, rather it gets covered by financial aid or research stipends. And whether you get admitted is decided independently from whether you get financial aid. Of course, being rich makes it easier to have the earlier education and CV necessary to get admitted, but that issue is unrelated.
- DinaCoder99 3y ago> Of course, being rich makes it easier to have the earlier education and CV necessary to get admitted, but that issue is unrelated Not to mention you're far more likely to be considered a legacy student, which gives you a huge leg up.