Boston University Undergraduate Costs Reach $80k
This is somewhat misleading as the initial part of their page says `BU meets 100% of demonstrated financial need for all admitted, first-year students who are US citizens or permanent residents.` — BU is part of a small number (in the dozens maybe) of private US colleges&#x2F;universities that are &quot;need blind&quot;, which can basically be thought of as &quot;price discrimination&quot; from microeconomics. Wealthier families would pay full price, while less-advantaged students pay a more reasonable amount of money. At these schools the total out of pocket cost ends up being roughly comparable (if not less) than going to a state university would be. I went to a similar school and the out of pocket cost was far less than going to my state university as an in-state student would have been, and I got a <i>much</i> better education.<p>Obviously $80k is still an obscene amount of money, but I don&#x27;t really have an issue with kids of millionaires + billionaires having to pay that much to attend.<p>I think that what this means in the long-run is that this small number of very highly resourced private colleges (Ivies, a lot of the small New England liberal arts schools, Duke, MIT, etc.) will be able to sustain &quot;normal&quot; people going there on the need-blind aid, and lower-ranked private institutions (out of the top 50-100 schools) will probably close if they can&#x27;t afford to offer that level of aid.