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581 points gnabgib | 1 comments | | HN request time: 0.345s | source
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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.

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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.

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sunshowers ◴[] No.42199020[source]
Education in the US isn't cheap but those are elite colleges. The price tag is mostly for the networking.
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corimaith ◴[] No.42200641[source]
Funnily enough, if you think about for networking you'd much rather be surrounded by kids who can afford that 200k price tag upfront.
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1. baq ◴[] No.42201734[source]
Networking is a way to maximize your optionality. If you limit your network you limit your potential options. Rich kids have more options and there’s absolutely zero downside to being exposed to some of them. (Don’t confuse with actually exercising them when they appear, I’m just talking about having them.)