481–490 of 563 posts
Earlier quoted context omitted.
What’s the reasoning behind the discount for siblings? Seems strange to me that this would affect the cost of tuition.
More kids in school translates to greater financial need per kid.
One thing I find crazy is the very same institutions that are generally very left leaning, decry income inequality, and espouse generally liberal views then turn around and having tuition costs that having been rising at rates so far above inflation. Student debt is a major issue in the US and the ever increasing costs of tuition are a MAJOR culprit in pushing this crisis. Where are these costs coming from? How can y…
> One thing I find crazy is the very same institutions that are generally very left leaning Why? Being Left leaning is easiest when it's not your money. Yes! Raise our tuition! More levies! Mommy and daddy will pick up the tab. If not the government-backed loans will take care of it and I just won't pay for it. After all, those capitalist boomer tax payers should subsidize my virtuous leftist existence. It's just lik…
UChicago 2011 graduate here. When I attended, I paid about $20k/year in tuition, given that I had various merit scholarships, worked for the university, and that my siblings also attended school. My parents were in for a RUDE awakening in my fourth year, however, when my brother graduated his undergraduate program...UChicago found out via a survey, that I was now the sole college attendee, and without warning they ja…
What’s the reasoning behind the discount for siblings? Seems strange to me that this would affect the cost of tuition.
One thing I find crazy is the very same institutions that are generally very left leaning, decry income inequality, and espouse generally liberal views then turn around and having tuition costs that having been rising at rates so far above inflation. Student debt is a major issue in the US and the ever increasing costs of tuition are a MAJOR culprit in pushing this crisis. Where are these costs coming from? How can y…
What I find funny in these discussions on HN is how most people seem to be completely oblivious to the obvious solution, proven to work in many developed countries around the world: have the state directly fund universities and don't charge tuition to students (or charge them a small amount). Why is the assumption "universities are private endeavours that should make a profit" something that goes unchallenged on HN?
UChicago 2011 graduate here. When I attended, I paid about $20k/year in tuition, given that I had various merit scholarships, worked for the university, and that my siblings also attended school. My parents were in for a RUDE awakening in my fourth year, however, when my brother graduated his undergraduate program...UChicago found out via a survey, that I was now the sole college attendee, and without warning they ja…
I got in to University of Chicago, but the finances were rough. They expected my parents to pay around 30% of their (combined) income in tuition after scholarships and loans. Presumably this would have dropped when my brother entered college a year after me, but given that I got into other schools that cost less than half as much it wasn't really a question. My parents didn't really know what to tell me because on on…
Not quite just the very poor: U Chicago gives free full tuition to students from families making under $125k.
But as for the very poor at nearly every other private college, the picture is more bleak: The average private is in the ballpark of $35k. Maximum grants from the feds and state of Illinois total about $16k. That's not enough. However, it is generally plenty for attending any public state school.
The most squeezed bracket financially are families making around $65k a year. They earn too much and so lose a large portion of need based grant eligibility, and have and "estimated family contribution" (EFC) 3 or 4 times higher than families making not too much less. Even state schools are difficult here. My recommendation to such families is to begin by getting an associate's degree for 1/3 the cost for those 2 years, then only pay the higher rate to finish the bachelor's degree in the last 2 years.
It's true families making > $100k a year are expected to contribute the lion's share, absent merit scholarships, but they also tend to be families with assets, including houses with equity they can leverage, to help pay. Yes, it sucks to have to do that, but many thousands of families in the $65k bracket are much worse off without even that option.
To be clear, I'm not really disputing what you said on that topic: I just wanted to add more detail and nuance.
Source: I work in Higher Ed analytics.
UChicago 2011 graduate here. When I attended, I paid about $20k/year in tuition, given that I had various merit scholarships, worked for the university, and that my siblings also attended school. My parents were in for a RUDE awakening in my fourth year, however, when my brother graduated his undergraduate program...UChicago found out via a survey, that I was now the sole college attendee, and without warning they ja…
UChicago 2011 here as well, except actually class of 2010 because I couldn't afford to keep paying the tuition as my parents were both unemployed due to the financial crisis. I remember the financial aid office saying they could use the last two or three years of prior income rather than consider unemployment as a current and urgent condition. They literally said something along the lines of, "Your parents are smart,…
The prices in USA look exorbitant. If a worker works full year for minimum wage, they earn $7.25 * 8 * 253 = $14674. Such worker will have to work for 6 years and 9 months to pay tuition costs for 1 year, if we assume that they don't have to pay taxes, buy food, visit a doctor and pay the rent. A house may cost several hundred thousands dollars or higher. If that worker has paid for a university, no way they will be…
Private school tuition is the same as healthcare in the US. Everything has an enormous sticker price for anyone who asks, but no one is expected to actually pay that amount. And if you do pay that amount, it's just because you're a sucker who didn't get in on the fact that it's just a made up number. Rich kids may pay that amount, but it probably gets flipped around into some tax-advantaged "donation" that also helps…
Earlier quoted context omitted.
Did you mean shockingly inexpensive? UNC Chapel Hill (what I assume you mean by North Carolina) costs students from the state $8,834 USD. Out-of-state tuition is $33,916. I would not call either number "shockingly expensive." Michigan is $14,402 and $45,410. UVA is similar. Quite a bit more but still not anything shocking. Minnesota is similar but out-of-state tuition is just $23k.
Just $23k/year. Thank god I’m not living there. It’s actually been normalized... No wonder university is a privilege of the wealthy.
Earlier quoted context omitted.
> I have a high school senior and have been visiting many schools across the U.S. and Canada since last summer. The schools with sky-high all-in costs are not even consideration. If they lop off $10k-$15k per year, we will still be paying a quarter of a million dollars for a four-year education. There are no guarantees of this, either, considering grades and our middle class AGI. You might want to reconsider those "s…
I've seen private schools promoting such aid, but for most there is no clarity on A) whether your student will qualify and B) what the amount will be over the 4-year period. I've heard from friends with students already in college that there are often ad hoc negotiations between parents and financial aid offices about the size of the discount, which is frustrating, unfair, and open to abuse.