They simply overcharge the non-minority students so they can give the minority students “scholarships” out of the proceeds.
Not true at Univ of Washington in Seattle.
They get 25,000 applications for Freshman year with 5500 available seats. So there are very few scholarships.
On the other hand my kid just got admitted to a law college with $37,000 yearly tuition but was awarded $20,000 yearly scholarship.
So it varies with the institution.
The “ticket” price is only half the story. This guy doesn’t get it. The whole thing is just like used car sales. They figure out how much you can afford and that becomes the price. The quality of the product sometimes isn’t much better.
A second reason it is only half the story is that there are fees and books and housing issues. My grandaughter earned a full tuition scholarship to NAU. However she was informed that the rest of the “fees” would come to $20,000. So she had to pass it up.
Or, you can have a manipulated economy in which certain people get sweet deals and certain other people pay for their own stuff as well as other peoples' stuff. All for the greater good, doncha know. I think that's basically collectivism and it's all part of government interference in the marketplace. That's America.
What can an over educated/dumbed down liberal with an IED, Instant Unemployment Degree expect if they are graduated?
I put my two kids through college with hardly any trouble at all. I live in Boston area which puts several dozen colleges and universities within commuting distance of my home. I basically had my kids commute from the house and they worked part-time jobs to pay for their books and other expenses. They ended up going to state university where I only had to pay in-state tuition. I forget the exact amount but it was just a few thousand dollars a semester twice a year. It was a breeze and I paid out of pocket so no loans for me either.
Dorm living is what kills you financially.
Typical liberal garbage. To them, OPM = “free.”
I hate articles that pretend to tell me what I think.
1. “rich privileged Whites” pay full price.
2. “poor oppressed non-Whites” get a subsidy, courtesy of the “rich privileged Whites.”
Hmm... Well I definitely don’t trust that list. Sarah Lawrence is $61,800, whereas SMU is right up there at $60,200. and according to Goolge, the number two school (NYU I think) was around $59k. And I’m positive there are schools a good bit more expensive than SMU.
If the grants don't come from that university, the cost is not ‘discounted’. It's just that someone else is paying for it.
The system is a scam. What is happening is the unfortunate people who are stuck paying full tuition (generally middle class white families) are subsidizing everyone else that gets a break because they are a minority, have sexual identity issues, or are semi-pro athletes recruited for the football team.
This has largely forced the middle class out of private colleges, and increasingly from public ones as well, primarily leaving community college for the first two years, then trying to get through the final two years at a public university.
It’s just like Obamanomics with “free stuff” for the majority, and the rest stuck with paying the bill.