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Maybe, maybe not. I have friends that went to many private schools with no expenses, including NYU, JHU, Dartmouth, UCLA, Columbia, and Harvard.
Oh, I see. A collection of anecdotes from your "many" friends obviously provides a representative sample sufficient to generalize about 1,500 institutions.
And UCLA isn't private.
Quote:
Originally Posted by NJBest
I use numbers above the median household income, but not numbers that consider one rich. For this estimate, I used an income of 80,000 w/ a home valued at 250,000. The school was JHU.
Estimated Cost of Attendance: $56000
Minus your Estimated Family Contribution (EFC): $24200
Need: $31800
Estimated Aid Grant Award: $25800
Loan Award: $3500
Work Award: $2500
Total Award: $31800
I chose this school randomly. I feel this is a fair amount of financial aid based on an income of $80,000. I don't know what your income is, but it must be quite a bit higher than $80k. Which, puts your way above the median household income.
From what population did you "randomly" choose JHU?
It's the first school that popped in my head that wasn't in the North East.
Same information for Wake Forest U:
Do you know what a random sample is? Because that's not a random sample.
The reason you have heard of these schools is because they have strong reputations. Schools with strong reputations also have stringent admissions requirements, large endowments, and (often) wealthy student bodies. These are the exact schools that also offer excellent financial aid packages to low-income students.
Do you know what a random sample is? Because that's not a random sample.
The reason you have heard of these schools is because they have strong reputations. Schools with strong reputations also have stringent admissions requirements, large endowments, and (often) wealthy student bodies. These are the exact schools that also offer excellent financial aid packages to low-income students.
This is not statistics.
Why would a student choose to go to a school without a strong reputation? So they can go in debt? Why not maximize the value of education? Go to a good school that costs less out of pocket.
Average in-state tuition and fees at four-year public colleges rose an additional $631 this fall, or 8.3 percent, compared with a year ago.
Nationally, the cost of a full credit load has passed $8,000, an all-time high. Throw in room and board, and the average list price for a state school now runs more than $17,000 a year, according to the twin annual reports on college costs and student aid published Wednesday by the College Board.
add another year since most people take 5 to graduate. 85k is considered a reasonable price for a degree at a state school these days.
Come to Louisiana and you can get your educating for half that at a great school
Why would a student choose to go to a school without a strong reputation? So they can go in debt?
Well, even some of the reputable schools you mentioned offer fairly poor financial aid. At NYU, the average net price for the lowest-income students is over $20k. Compare that to Princeton, which is less than $5k. The average debt for NYU grads was nearly $35k, while for Princeton it was just over $5k.
(Based on our other discussion, Princeton students may be able to do even better than that. But for comparison purposes, these figures work.)
Most of us don't say "private schools" to describe just a few institutions.
Why would a student choose to go to a school without a strong reputation? So they can go in debt? Why not maximize the value of education? Go to a good school that costs less out of pocket.
Many people go to colleges that don't have strong reputations and they go for any number reasons. I went to one partly because of the fin. aid, but more because I really enjoyed the people and atmosphere.
Last edited by Randomstudent; 12-02-2011 at 07:40 PM..
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