Parents with annual family incomes below $125,000 will pay no tuition
I'm conflicted,<p>on one hand this is good in that they are recognizing that debt burdens are a real hinderence to their graduates<p>on the other hand, this is used to pitch the line that 65K tuition is no big deal<p>which you're in line for at the full rate at combined 225K income<p>look, I get that in modern internet culture, no sypathy is supposed to be shown to people with household income over 200K, but that is still really alot<p>its also not at all obvious that the return on any investment of 200K for education is worthwhile<p>I'll just link to:
<a href="http://www.nber.org/papers/w17159" rel="nofollow">http://www.nber.org/papers/w17159</a><p><a href="http://www.brookings.edu/research/articles/2004/10/education.." rel="nofollow">http://www.brookings.edu/research/articles/2004/10/education...</a>.<p><a href="http://www.brookings.edu/research/articles/2004/10/education.." rel="nofollow">http://www.brookings.edu/research/articles/2004/10/education...</a>.<p>for the general case against<p>also even if it does pay off, you have to work like a dog to make it pay off, its not a passive investment<p>if you're buying a website on flippa, the degree to which your investment is passive or active factors pretty heavily into the price,<p>it should be the same for colleges<p>(I'd also love to see a breakdown of exactly how much of Stanfords admitted class comes form < 125K parent income, between 125K and 225K parent income, and > 225K parent income)<p>--------------------------------------------------------<p>also, I have a problem with the meme that elite colleges are now cheaper than state colleges<p>I get that merit scholarship vary by college, but students qualified enough to get into Stanford or Harvard will almost certainly qualify for full merit scholarships at most if not all state schools<p>(maybe not at Cal or UCLA, but almost certainly at UCSB or UCD or San Jose State or Fresno State)<p>that meme should stop