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<p>I agree in principle. But in practice there are inequalities even among relatively well-off families, which ought to be addressed. </p>
<p>Some middle income families put away substantial savings for college. Their EFC may exceed the total cost of attendance at even the most expensive schools. So, no need-based aid. Yet other families at the same income level (say, $100K-$150K) who have not saved a penny qualify for at least modest aid at some schools. So there are disincentives to save, as well as incentives for dishonest people not to fully disclose income and assets.</p>
<p>I hope all top private schools will aim, over the years, for the financial aid system now in place at Harvard and a few other tip-top schools, which significantly discount costs to all families earning below a certain rather high threshold ($100K or more). It’s not that people are “entitled” to this help, it’s that this is the best way for the school to ensure that the most qualified applicants are able to attend. Though I suppose some families just above the threshold will resent this system, too.</p>