Harvard Announces $6.5 Billion Capital Campaign

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<p>Never said or posted or implied that (cap amount). Perhaps you need to reread the bottom par of my post #95, bay, where I clearly said H could use the increased tuition to offer greater financial aid…thus, they could “buy” anyone that they wanted at whatever price they saw fit.</p>

<p>texaspg wrote: “Who says it is not done? I was trying to buy my kid a ticket home for thanksgiving. Saturday or Sunday travel during that week is priced at 700 or so while going on Tuesday the next week costs 250.”</p>

<p>That example has nothing to do with what you proposed for colleges, that "You can apply the policy uniformly or charge people more because they can afford it. "</p>

<p>They are charging more for the airline ticket because of limited availability, not due to your income. Now, if they said the fee was $1000 for the ticket and only $200 for a high school grad who couldn’t afford to go to a college, then that is a closer example.</p>

<p>Here’s what you wrote in #95, bluebayou:</p>

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<p>I then asked, what about the students who are now priced out at $100K? To which you replied, “so what?”</p>

<p>I guess I’m not following the point you are trying to make, other than if you raise prices on the high end, you can give more on the low end. Ok, but $80K and below now go for free, and between $80K and $180K go for 10% of their income. So where do you want to spend the extra tuition that has now priced out another segment of applicants?</p>

<p>"That example has nothing to do with what you proposed for colleges, that "You can apply the policy uniformly or charge people more because they can afford it. "</p>

<p>They are charging more because they can do so. If someone does not like the price they don’t come.</p>

<p>The current policy is this.</p>

<p>65k - no bill
120k - 6k
180k - 18k
250k - 60k</p>

<p>So what I am saying already is happening if you have not figured out your math.</p>

<p>I am proposing that in future they can add to it</p>

<p>65k - no bill
120k - 6k
180k - 18k
250k - 60k (lower this number)
1 million - 100k</p>

<p>Let me ask you something. How do you see it working when Harvard has a bill of 100k in 2025?</p>

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<p>I don’t think you are asking me, but I have an opinion. :slight_smile: It will work the same way it works now. If H can get enough of the admittees it wants to come at that price, H will charge it; loans, 2nd mortgages, emptied retirement accounts be damned. If the really bright $190K or $250K or $300K folk stop coming, then H will give them FA too, in order to bring them back. Those kids will become charity cases for the $1million folk.</p>

<p>Adding: I forgot to add that H will then build more palatial housing and services and silver trays to the dining room, so that the millionaires feel like they are getting their $100K worth.</p>

<p>I get the feeling the tuition increases are an arbitrary number at most schools with huge endowments. They can afford not to raise them but don’t want to look cheap compared to the 100th ranked school charging 45k. </p>

<p>So if the claim is they spend a lot more than they collect from even the full pay student, then the question is what is the true number and why don’t they use it instead.</p>

<p>The millionaire next door got wealthy by being value oriented. $100k/year is an extravagance compared to the alternatives and expected ROI. If you can afford to pay exorbitant amounts, you don’t need to attend college to begin with, just go live off your trust fund. Higher education should not be about wealth redistribution, we have plenty of taxation accomplishing that already.</p>

<p>How many of us who attended expensive private schools actually graduated with any marketable skill? $250k for some ink on a sheepskin is absurd when viewed objectively. For me, university was all about jumping through more hoops and over higher hurdles than the next guy to garner admission to yet another school. After all those years, I finally learned the skills I use daily by on-the-job training. For the money, many people would be better off buying a business, or at least a house, rather than attending college. My was-$50k-now-$250k sheepskin lies with my other diplomas in an old cat litter box in the closet; it doesn’t make great wall art and I don’t know what else to do with it. Wonder what it would fetch on Ebay?</p>

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<p>Bingo! If H (and Y and S and…) really desire the bright kids from families at less than $250k (or whatever amount), they will shower money on them in the form of tuition discounts. Meanwhile, those with $500k salaries may pay 20% of gross income to attend.</p>

<p>Win-win. (But it will never happen for PR reasons.)</p>

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<p>And the New York Yankees maybe.</p>