←back to thread

581 points gnabgib | 1 comments | | HN request time: 0.204s | source
Show context
TheJoeMan ◴[] No.42197249[source]
This is a great step in the right direction. I can't speak directly for MIT, but there are issues with how these programs don't apply to parents with small family businesses. My parents had a small business, with my father taking home a salary of $XX,XXX. Duke University used the business assets to determine the EFC (expected family contribution) of literally 90% of the salary. Essentially saying to sell off the family business for the college fund, which was a non-starter.

Small businesses are allegedly the backbone of America, and I feel these tuition support programs overlook this segment of the middle-class.

replies(18): >>42197538 #>>42197658 #>>42198000 #>>42198518 #>>42198630 #>>42198802 #>>42199002 #>>42199120 #>>42199126 #>>42199269 #>>42199949 #>>42200245 #>>42200451 #>>42200630 #>>42200685 #>>42200902 #>>42201562 #>>42202117 #
nuancebydefault ◴[] No.42198000[source]
Why are such things in the US so complicated? Where I live, studying is much much cheaper for most professions,for everyone!

That's the only fair way. Also, a set of well educated people pays itself back later in the form of mostly income and added value taxes, which provides money to keep studying for cheap for the next generation.

replies(10): >>42198358 #>>42198435 #>>42198464 #>>42198475 #>>42198686 #>>42198813 #>>42198990 #>>42199020 #>>42199099 #>>42201953 #
currymj ◴[] No.42198813[source]
the ideal is that college should be very expensive for rich people and cheap, free, or at least more affordable, for less wealthy people.

american universities get closer to this ideal than you might expect. the days of outrageous student debt are thankfully fading away, at least for undergraduate degrees.

it would make more sense to do this redistribution through taxes if possible, but many US institutions are private so that doesn’t really work. so the colleges basically have their own privately-run means testing programs, and like all such programs there are flaws and loopholes.

replies(4): >>42198883 #>>42200999 #>>42201063 #>>42201301 #
1. insane_dreamer ◴[] No.42201301[source]
> the ideal is that college should be very expensive for rich people and cheap, free, or at least more affordable, for less wealthy people. american universities get closer to this ideal than you might expect. the days of outrageous student debt are thankfully fading away, at least for undergraduate degrees.

this is partly true. it is cheap / free for very low income -- if you qualify for a Pell grant you can usually get additional financial aid from your state university that can bring your cost down to zero.

But if you are above the low income line, but by no means wealthy -- so if you're a household making say $100K a year, then college is extremely expensive and unaffordable especially if you have several kids. You're not poor enough to qualify for substantial financial aid, and you're not wealthy enough to afford tuition. Yeah, your kid can get into Harvard or Stanford for free, but the chances of them being accepted are vanishingly small no matter how smart they are.

The saving grace is community college -- enroll at the local CC for 2 years and then transfer to the state school.