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What point? I primarily took issue with you co-signing TexasLawyer's post, which read:
You responded, "Precisely" to this post. But the data do not bear this out. In fact, the data suggest that a pretty significant percentage of students at these schools having the highest tuition are paying full sticker price. Certainly not "almost no one."
Moving on, my example is not pointless, and was explicitly described as an "extreme example" by me as a way to get a point across. Nowhere did I claim that this is the norm/how things operate in the real world.
You have this right the other people were overstating their case(es) significantly.
I'm in southern Minnesota. Nearby Carleton College has an endowment of nearly $900 million, and just over 2000 students. nearby Winona State has an endowment of less than $33 million, and nearly 9000 students.
In other words, Carleton's endowment/student ratio is more than 110x that of Winona State.
The US Department of Education collects net price data. The following are net price for full-time beginning undergraduate students who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Circa 2018-2019.
Carleton College Average net price: $31,547
By income, for students awarded Title IV aid:
$0 – $30,000 $9,579
$30,001 – $48,000 $9,358
$48,001 – $75,000 $16,716
$75,001 – $110,000 $23,290
$110,001 and more $43,700
Winona State University Average net price: $16,617
By income, for students awarded Title IV aid:
$0 – $30,000 $12,381
$30,001 – $48,000 $13,606
$48,001 – $75,000 $15,140
$75,001 – $110,000 $18,682
$110,001 and more $21,073
Incorrect. There are some with lower incomes who get covered by the government. But the vast majority in the middle and upper incomes are paying their own bills. Either directly or loans they have to pay back.
That list, while accurate, is misleading in that some of the schools with the highest tuition are the most affordable. Almost no one pays the sticker prices at these private schools.
at Duke & Wake Forest they do.
They are 2 in NC my child considered, and we know some of similar "just at the top 10%" income that paid full boat. And the reality is, other than for extraordinary students, the pool comes from the top 20% of students.
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