<p>Tokenadult, you would think that being tax exempt would make institutions more sensitive towards serving the public.However, this is not always the case. Take PACS,which can be very biased towards political policies and ideologies. </p>
<p>Moreover, nothing in the tax law mandates that colleges much use their tax exempt status to helping out the needy or less privileged. Schools will probably act in the way that maximizes their survival,which means cater to the affluent as much as possible,while attempting to do some social good in taking some of the less fortunate. However this can only go so far especially for schools without any major endowment.</p>
<p>Take the top endowed schools: Harvard, Yale and Princeton. Frankly, it has only been recently for Harvard to provide a lot more aid. Until now, if you made more than $60,000, you weren't considered that needy. Now, all of a sudden, if you make less than $180,000, you get a special deal on tuition. What happened,however, was NOT out of the goodness of the trustee's hearts. Congress was investigating endowments and questioning whether schools should be allowed to keep their tax exempt status if they don't use enough of their endowed earnings. Harvard decided to be proactive in order to prevent Congress from taking action. </p>
<p>Again, I maintain that the bottom line is the bottom line for most schools. I am sure Harvard, Yale, and Princeton will still take a very high percentage of their kids from private schools, and I am sure private schools will still be overrepresented at top, private colleges.</p>
<p>Note: I don't necessarily agree that schools should act this way. I am just commenting on what I have seen and been told by college trustees.</p>
<p>Also, token adult notes where is the evidence for this statement"Quote:
You're almost punished here in America if you are too wealthy or if you are not a minority. "</p>
<p>Proof: I can cite lots of proof. For example, if you scrimped and saved all of your life to afford college for your kids, your kids won't qualify for any need based aid ever! If you are a complete spendthift, your kids will qualify for lots of aid.Moreover, look at the tax rates. Last I have seen, the top 4% of americans pay 65% of the taxes! When rebates are being issued under this new Bush stimulus plan, this group got NOTHING, NADA, Zilch! There are plently of cases where corporations and businesses that earn over a certain amount are subject to greater administrative hassles ( such as ADA act), higher estimated taxes etc. </p>
<p>Even when paying capital gains taxes, the rich got the shaft. If you are making over roughly $33,000 single or $64,000 married, you pay a maximum capital gains tax of 15%. However, people earning less than that pay ZERO in capital gains. Yes, you heard right, ZERO.Believe me there are lots of ways in which the affluent are punished. Welcome to our semi-socialist world.</p>