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You can't say the market is bearing it when the college market is being sustained by government-backed funding via student loans. If the market were really bear

You can't say the market is bearing it when the college market is being sustained by government-backed funding via student loans. If the market were really bearing it, government's involvement would be minimal to non-existent.

peter_l_downs 3y ago
The people paying $100k are not doing so via government-backed student loans.
- Supermancho 3y ago
  I don't understand this. When Harvard or CalTech says that anyone admitted will not be turned away due to financial hardship, it's because the loans are issued with a qualification based on their admission. 100k or any other price, the current financing structure remains the same.
  - gnicholas 3y ago
    I believe Harvard also guarantees some students (from families below a certain income level) don't need to take out loans.
    - bandrami 3y ago
      They guarantee that for students from families making about $120K or less, which is to say nearly two-thirds of the country.
      - gnicholas 3y ago
        True, but what percent of their admitted class?
  - bfrink 3y ago
    At Caltech, students from families making $90K or below, will receive a no loan financial aid package (package will consist of grants and work-study).[0] [0] https://www.admissions.caltech.edu/afford https://www.admissions.caltech.edu/afford