11-09-2011, 04:49 AM
(This post was last modified: 11-09-2011, 06:57 PM by FireIceTalon.)
(11-09-2011, 12:49 AM)Jester Wrote:(11-09-2011, 12:38 AM)kandrathe Wrote: Thanks. I know many of them have very large endowments, but I was unaware that Princeton was virtually free.
Harvard, your new example, totally subsidizes any student from a household earning under $60,000, and offers huge sliding scale subsidies for quite a few tiers above that.
At the very highest tier of schools, they have little to no need to charge high fees. The gains they make in reputation from selecting the best of the best, regardless of ability to pay, more than outweigh the lost tuition fees. They'll let the phenomenally rich pay their way, but for students attending on merit, it's almost always free, or at least very cheap.
-Jester
I have a sneaking suspicion that they have regrets about admitting George W. Bush, who wasn't exactly a model student.
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"Your very ideas are but the outgrowth of conditions of your bourgeois production and bourgeois property, just as your jurisprudence is but the will of your class, made into law for all, a will whose essential character and direction are determined by the economic conditions of the existence of your class." - Marx (on capitalist laws and institutions)
"Your very ideas are but the outgrowth of conditions of your bourgeois production and bourgeois property, just as your jurisprudence is but the will of your class, made into law for all, a will whose essential character and direction are determined by the economic conditions of the existence of your class." - Marx (on capitalist laws and institutions)