College Financial Aid Collusion

[Axtremus]

https://www.wsj.com/articles/yale-georgetown-other-top-schools-illegally-collude-to-limit-student-financial-aid-lawsuit-alleges-11641829659

Bunch of colleges and universities getting sued for colluding on students' financial aid calculations.

In addition to Yale, Georgetown and Northwestern, other named defendants in the suit are: Brown University, the California Institute of Technology, the University of Chicago, Columbia University, Cornell University, Dartmouth College, Duke University, Emory University, the Massachusetts Institute of Technology, the University of Notre Dame, the University of Pennsylvania, Rice University and Vanderbilt University.

[Ivorythumper]

The bidness of education.

[George K]

If only someone could tell us why college costs so much.

OTOH, if these people don't like the way colleges allocate financial aid, they should just build their own schools and be done with it.

[Aqua Letifer]

@george-k said in College Financial Aid Collusion:

If only someone could tell us why college costs so much.

OTOH, if these people don't like the way colleges allocate financial aid, they should just build their own schools and be done with it.

With bullet points because who has time for that shit.

[xenon]

The U.S. has this weird tendency to pump tax money into systems it doesn't want to manage.

Why are schools setting prices for something customers (students) buy with unlimited tax-funds?

Schools that take public funds need to have public cost oversight.

In Canada - students pay about $10K a year for public universities, the rest of the cost is directly subsidized by the government. The government gets say into # of places, cost/student, etc.

[Jolly]

We can do it cheaper. A lot cheaper.

There should be no reason we can't do the first four semesters for $2000/semester.

[Doctor Phibes]

When I toured a few places with my son, I was struck by the unnecessary amount of stuff that was in the colleges. Really, really nice looking food courts, and a lot of really expensive looking fluff. This was a State College, not even private. I guess the argument is that it's all needed to attract students, but it smelled a lot like bullshit to me. I'm not convinced a lot of it is focused on what's actually important to get a decent job, which is why we go.

[Jolly]

I remember seeing a video shot by a Russian college student in her hometown (small city). The local college was a three story building, about the size of 500-600 student high school.

The curriculum was limited, but IIRC, it was very cheap.

[89th]

@jolly That's because in mother russia... books read YOU