4 ms·

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