Comment by linksnapzz
15 hours ago
the ideal is that college should be very expensive for rich people and cheap, free, or at least more affordable, for less wealthy people.
Dunno where you got this "ideal".
the days of outrageous student debt are thankfully fading away
..."fading away", to the tune of (at last glance ) one and three quarters of a trillion dollars in outstanding student loan debt.
it would make more sense to do this redistribution through taxes if possible
The ability of US higher ed to raise tuition prices will always overwhelm the ability of US taxpayers to meet those prices. The phrase "utility monster" comes to mind.
but many US institutions are private so that doesn’t really work.
Private, in the sense that nobody who answers to someone who must win an election is directly in charge of running them, but, who operate as charities for the purpose of donations, pay no taxes on either capital gains or real estate, and are permitted to act as government contractors skimming up to 85% of grant money they're tasked with administrating.
so the colleges basically have their own privately-run means testing programs, and like all such programs there are flaws and loopholes.
The flaw being that...the school is allowed to have total knowledge of a customer's ability to pay before it chooses to do business with them. Imagine if you had to give three years of your tax returns to the person you were trying to buy a house from.
Wait so US colleges are allowed to require any kind of real financial information from you all? Shouldn't they just say if you're accepted or not, then send you the bills? And for any financial aid program, shouldn't someone else review that instead of them directly having access to all that financial data of students without being any kind of financial institution? Let's say some kind of government letter instead giving them your income statements.
They're allowed to ask for the info; and if not explicity "need-blind", are allowed to accept or reject your application based on how much of a discount on tuition they anticipate you needing. Practically speaking, this means that if you look like you can pay the $65-85 thousand a year w/o any help, that's a plus.
MIT specifically doesn't do that though, as per the article. Still, successful applicants generally come from more well off families due to the resources required in raising a kid to be a successful applicant.
> Dunno where you got this "ideal".
I wonder if people like you just lack the imagination or system thinking or equate poor with useless or are just afraid of thinking people? From the perspective of the state and the society it’s beneficial to have an educated population, unless you think you won’t have enough stupid people to man the factories?
The track record over the past thirty years of sending more and more people to nominal "college" as "a way to have more thinking people" hasn't exactly done wonders, unless you're in the student loan servicing business.