I'll probably be downvoted on a forum like this, but I worry about the most successful universities using their funds to subsidize those who would be fine without it. I was actually made aware of this by a wealthy Stanford alumni which has a fairly broad program for undergraduate tuition assistance. Graduates of mid/low tier universities seem more and more likely to have to compete with better credentialed people wit…
While "gaining admission to NYU medical school" is likely correlated with good socio-economic background (as do all accomplishment), the correlation is not 100%. You can get into NYU from a poor socio-economic background, if you work hard and attain academic excellence. And while all students will appreciate this discount, it will make more of a difference to those who are not "fine without it", i.e. those below the…
Per "it will make more of a difference to those who are not "fine without it"". Sure, but it would make more of a difference if needs based and scaled broadly (not sure what restrictions exist on the funds for this aim). Although this line of argument admittedly unravels into base utilitarianism when followed.