Comment by ndriscoll
1 day ago
You can't make that case at all. The price these name-brand schools ask is pretty much "how much do you(r parents) have?", and your kids could instead go to state school (if they can get into MIT, they probably qualify for a full ride scholarship or at least close) and have that tuition go to an ~80% down payment on their first house.
I agree with that. I dont see how that is MIT's problem.
It's not their problem, but they're setting the absurd price, so it's not the parents screwing over the kids somehow. The price being so outrageously high does also call into question whether their charitable endowments could reasonably be characterized as part of a tax avoidance scam.
>The price being so outrageously high does also call into question whether their charitable endowments could reasonably be characterized as part of a tax avoidance scam.
I dont see how that follows at all. They spend more on students than they receive in tuition funds. Who would they be scamming? What if they offered a million dollar education? I still dont see how that would impact their non-profit status.
4 replies →