<p>First of all, why did you put horrible in quotation marks? Did I use that word? I never said Yale financial aid was horrible--I said it was lagging far behind aid offered at Harvard, Princeton, and perhaps now Stanford. For students choosing between those schools, this information will tell them that a relatively poor financial aid package from Yale isn't an individual mistake but rather, an institutional insufficiency.</p>
<p>Second, the word propaganda suggests that my remarks are meant to be misleading. Did you find any faults with my data?</p>
<p>Third, I find it improper to say that "this is the world of capitalism" since the university is the member of an organization that, whether directly or indirectly, discourages competition between schools in the initial awarding of financial aid. Yes, there seems to be price competition for students after aid is awarded, but such practices would only benefit students that have been accepted at schools comparable to Yale (of which there are only a few) that have given better financial aid. Students that have not been accepted at these schools will be forced to accept Yale's price, regardless of what lower financial aid Princeton, Harvard and Stanford would have offered. </p>
<p>This is NOT the world of capitalism, or at least not the ideal world of capitalism where the market is complete and competition is perfect in all cases. Rather, this is the world of individual monopoly. In some cases, a school has a monopoly on an individual student (i.e., when that student is not admitted elsewhere) and in some cases the university must compete for that student with other schools. </p>
<p>On the one hand, that's the name of the game: not every applicant will get into every school. On the other hand, bearing in mind these cases of individual monopoly, we have to hold the universities to a higher standard in their granting of financial aid. We must allow them to have these individual monopolies, but we must also call on them to be as generous with every financial aid student as they would with those who have award letters from other schools.</p>