Why the hell is parental wealth taken into account for student aid?

[FlyerInHi]

Related to your homeless thread. Why is the marketplace still demanding drugs and alcohol despite all the disclosures and science.
Or junk food. The consumption has increased since calorie disclosure laws.

[Coronita]

It’s in my opinion that college degrees at expensive and prestigious colleges has more or less evolved (devolved?) into something like a luxury car. For many people, going to an expensive, hard to obtain college is a mere exercise of futility of “keeping up with the Joneses”…in which the air of exclusivity trumps any sort of logic.

This is why I can’t understand the point of sending a kid to a prestigious college for a bullshit degree that can’t ever recoup the cost of tuition and room and board. Maybe for the top 0.001% where money grows on trees it doesn’t matter. I went to one of those Ivy League schools that was difficult to get in and expensive and frankly I don’t think I did that much better than anyone else that attended a good engineering school elsewhere..One could argue that part of the motivation and work ethics that it takes to get into these difficult schools is often a reflection of the person’s future work ethics..But again, I’ve seen a lot of lazy slobs from all sorts of expensive private schools….And I admit one of the stupid reasons why I went was for the name, because back then I didn’t know any better. It was good at impressing some chicks, except the ones that got into a better Ivy League school than you…lol

Maybe that’s the solution. Colleges should offer tuition like luxury cars to get around the appearance of an expensive cost… Leases…..

[FlyerInHi]

Supply and demand.
At one time modest Silicon Valley houses were affordable to the average joe working manufacturing. . Would you say those houses are not worth what people pay today? The law of economics is that it’s worth what people will pay.

In a global economy, we now have world wide demand for prestigious American education. In an information world, brands are more powerful, and hat’s how museums and universities are able to open branches abroad.

I think scaredy is arguing that financial aid is market distorting.

[scaredyclassic]

[quote=FlyerInHi]Supply and demand.
At one time modest Silicon Valley houses were affordable to the average joe working manufacturing. . Would you say those houses are not worth what people pay today? The law of economics is that it’s worth what people will pay.

In a global economy, we now have world wide demand for prestigious American education. In an information world, brands are more powerful, and hat’s how museums and universities are able to open branches abroad.

I think scaredy is arguing that financial aid is market distorting.[/quote]

Yes it is. And I propose in protest all American parents say no to any aid package that involves loans or cash payments from parents.

Parental money distorts the market

[FlyerInHi]

[quote=scaredyclassic]

Yes it is. And I propose in protest all American parents say no to any aid package that involves loans or cash payments from parents.

Parental money distorts the market[/quote]

It will work for second tier and third tier universities. But the most prestigious universities have very strong brands and demand for their services.
I think even if UC berkeley, LA, or Irvine got their state funding cut off, they’d still find enough paying students.

You can chose to participate in the education marketplace or not. Maybe the brand is worth more tnan the education, but together they’re worth whatever people will pay. I am sure Harvard could charge $1 million per year.

Humm…. I’m thinking that schools could develop a bid system like eBay. The highest bidder gets a slot. The low bidders get bumped off the “island”. That would force 2nd, 3rd, and 4th year students to bid higher, else they’d be out. The system would be very transparent, market based.

[an]

College doesn’t have to be expensive. Especially if you live in CA. JC is free. CSU is cheap. Living at home is free. Everything else is a luxury. Don’t complain if you can’t afford a Ferrari. If someone pay for your Ferrari, by all mean, take it. But if you choose to pay for it, don’t complain.

I’m going to tell my kids to take classes at JC during high school. So, when they graduate HS, they’ll have most of their GE and lower division classes finished. Then they can take it easy during college, taking 2-3 classes a quarter/semester, and work 20-30 hours a week to pay for their college. When they graduate, not only won’t they have student loans, they would have a lot of work experience that their competitors won’t.

[scaredyclassic]

Well csu is cheap. But if u do send them away to school, which might have some benefit, it’s about 100k a kid, times 3, 300k, it’s not nothing.

I’d say csu should be 1500 a year for any kid, not taking into account parents cash.

[Author]

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