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Princeton has had a similar rule since 2001. Their current number is $100k. 25% of students pay nothing to attend. [0] [0] https://www.princeton.edu/news/2024/
by dleink 2y ago
Princeton has had a similar rule since 2001. Their current number is $100k. 25% of students pay nothing to attend. [0]
[0] https://www.princeton.edu/news/2024/03/29/princeton-trustees-set-2024-25-budget-increasing-spending-undergraduate-financial https://www.princeton.edu/news/2024/03/29/princeton-trustees... (go tigers)
- WorkerBee28474 2y agoApproximately 60% of American households earn less than $100K. That's quite a difference in relative size.
- jknoepfler 2y agoHouseholds with earners in their 20's and early 30's don't tend to have a lot of children of university age. One would want to use the median income of households with university-aged children. (Median income by age rises sharply from 20->40, then flatlines... the median age of a mother is around 27?)
- DebtDeflation 2y agoI'd also think you'd want to adjust by geography based on COL. A two earner family earning $200K in SF or NYC is different than one earning that in suburban Arkansas.
- kjkjadksj 2y agoThe population of people who apply to a nice college, or even college at all, is probably not representative of the average american household