Armed with gargantuan endowment funds, Harvard and Yale have both upped their financial aid policies to make sure rich people can pay little too! Harvard’s new system asks those earning between $120,000 and $180,000 will pay an average of 10% of their incomes, whie Yalies extended the end-range to $200,000.
In what seems to be a race to attract those wanting Ivy at bargain prices, the end of the rainbow should be nearing closer. Otherwise, it’ll only be a matter of time when we see millionaires whining about paying too much for college.
Bollinger won’t be making the sprint to catch up any time soon, saying that it would be financially unviable with the endowment we currently hold. And he’s right–compare Columbia’s $7.2B to Harvard’s $34.9B. But despite this knowledge, crying Columbia babies continue to sulk in the corner over our substandard-relative-to-Harvard financial aid. Well, as long as they don’t go do something rash like hunger-striking or refusing to flush after going to the toilet, then I’m happy.
Oh, Dartmouth did something too with their financial aid… Whatever.
[...] these secondary schools have been taking towards universal accessibility closely mirror those of Yale and Harvard, both of whom have, to much publicity, made their schools more affordable to the upper middle [...]
Said No More Excuses. Time to Step Up Financial Aid. » The Commentariat | SpecBlogs.com,
On January 24, 2008 at 2:03 pm: