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NO COLLEGE in the world would ever agree to categorically matching another college's financial aid award. Why? Because there'd be thousands of more applicants being sent to HYPSMC by California students who don't actually want to go there, rather, they're doing it to ensure themselves of a full ride to Berkeley.... Thus, a student's admittance to another college- be it UC Irvine or Harvard- has absolutely no bearing on admissions decisions, let alone financial aid considerations.
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<p>Ttiang15, I don't understand what you are talking about. I am not talking about Berkeley changing its admissions to match some other school's. I am merely talking about financial aid awards. Once somebody is admitted, the question then becomes how much aid to award that person. If the person is never admitted, then it's a moot point. </p>
<p>Besides, I don't see why this new policy (where Berkeley matches the aid of HYPSMC) would change anybody's behavior. After all, you still have to actually prove that you got admitted to HYPSMC before Berkeley would kick up your aid offer. If you don't get admitted to HYPSMC, then it's a moot point. I agree that many more people might apply to HYPSMC in order to game the system to get more aid, but how many of them would actually get admitted? Not that many, I think you would agree. It's pretty darn hard to get admitted to HYPSMC. And if you don't get admitted, then my proposed policy does not apply to you. </p>
<p>{And besides, the truth is, if you get a full ride from HYPSMC, you're probably going to take it rather than go to Berkeley, even on a full ride. Only those people who would choose Berkeley over HYPSMC, regardless of cost, would be really getting the full ride, and there aren't too many such people. So it's really not going to cost Berkeley very much. So if it's not going to cost Berkeley very much, then why not do it?}</p>
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A goal of a college is not to knowlingly steal another IDENTIFIED college's applicants by throwing money at them. Is it sometimes implied? Sure, I think most of us can agree that Regent's and Chancellor's are a direct way of trying to stem the California pipeline into the top private schools, but there is no reason to pick and choose certain schools.
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<p>Uh, I am afraid that one of the goals of aid is PRECISELY to steal students from one school to another. For example, why did my brother choose Caltech over MIT? Simple - Caltech offered him a full ride and MIT didn't. And I think the Caltech administration is not stupid. They know full well that they are using their full-merit-rides to poach students from their top cross-admit competitors: Harvard, Stanford, and especially MIT. Hence, they are not just distributing their scholarships randomly. They are doing it strategically to preempt whoever they think is most likely to bolt. In the case of my brother, they were absolutely correct. </p>
<p>Similarly, I think that Berkeley should do the same. And as you pointed out, Berkeley already does so, even if Berkeley doesn't want to admit it. The Regent/Chancellor Scholarships (RCS) are used to poach students who might go to another UC. So why not also do it to try to poach those who might head off to HYPSMC? But the first step to poaching students away is to at least match the offers. Before you can poach, you at least have to match. Before you can run, you have to walk. </p>
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Besides, these schools are all looking UP to Berkeley anyways- not the other way around.
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<p>Uh, I'm fairly certain that HYPSMC are not looking up to Berkeley, at least at the undergraduate level. I think that's part of the fundamental problem - a lot of people still don't want to admit that at the undergraduate level, Berkeley is probably not as good as some of the other schools. Berkeley is still good, don't get me wrong, but the others are better. </p>
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In terms of talking specifically about financial aid- look at how strong Berkeley's academics, student body, research, and professors are with 1/10 of Harvard's endowment. Cal is the most efficient university in the world in those respects.
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<p>Come now. To say that is to say that Harvard should be punished for growing its endowment so quickly. Harvard's endowment didn't used to be this big, you know. It became that big through very lucrative recent donation drives, coupled with shrewd investments in the financial markets. If Harvard had invested its endowment poorly, it would be a lot smaller than it is, and so Harvard would look more 'efficient'. So are you suggesting that Harvard engage in poor investments in order to boost its 'efficiency'? </p>
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But it also means that the financial aid office can't pamper all of its students with rich packages.
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<p>Again, I never said for the office to give rich packages to ALL students. I said for the office to give rich packages to those students who also got rich packages from the top private schools. And again, if it's really true that the top private schools give out very few such rich packages, then it should be very easy for Berkeley to match those very few packages. </p>
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In spite of this along with state budget cuts, the administration has admirally tried to resist even more severe tuition hikes to keep college affordable for the majority of the CALIFORNIA population (remember, the state Berkeley is in?).
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<p>Yeah, but whose fault is that? Maybe some of y'all are too young to remember but the late 90's was a time of lavish windfalls to UC. The state of California greatly increased state spending on UC during those years. What happened to all that money? I know that when I get a raise, I don't just rush out and spend it all. I may spend some, but I also put some away for a rainy day. If you say that UC is in a financial crisis today, then I would ask what happened to all that extra money lavished onto UC in the late 90's? </p>
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It's easy for Harvard, with 1/5 the number of undergraduates accepted and 1/4 the PERCENTAGE of Pell Grant recipients and 10x's the endowment to Berkeley to offer free education costs.
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<p>But is it really that hard for Berkeley to match it. Let's do a bit of math.</p>
<p>Harvard has about 6000 undergrad students. Let's say that fully 1/4 of them are coming in on full-grant-rides, so 1500 students. Now of course I think that is far too high, but let's just use the number 1500 for now just to see what happens. Let's also presume that all 1500 are California residents (which is obviously ridiculous, but just bear with me). </p>
<p>So how much money would it take for Berkeley to match those free rides of all 1500 of these students, presuming that all of them decide to attend Berkeley over Harvard (which is another ridiculous assumption, but let's just go with it to see what happens). According to the Berkeley student budget website, the yearly cost to educate a California state resident is about 23k a year to live in a Berkeley residence hall. (I don't count the state subsidy because that has already been factored into the 23k cost) </p>
<p><a href="http://students.berkeley.edu/fao/ugbudget05-06.html%5B/url%5D">http://students.berkeley.edu/fao/ugbudget05-06.html</a></p>
<p>So that's 23k * 1500 students = about $34.5 million. That is really not a lot of money compared to the rest of Berkeley's total budget. Berkeley's total yearly budget is in excess of over $1 billion a year. A cost of $34.5 million is nothing more than a rounding error.</p>
<p><a href="http://budget.vcbf.berkeley.edu/%5B/url%5D">http://budget.vcbf.berkeley.edu/</a></p>
<p>And of course you have seen that I have made a number of ridiculous assumptions. I have assumed that fully 1/4 of the entire Harvard undergrad student body are coming in on these full-rides. I think we can all agree that the true number is probably substantially less. I also presum that they all come from California, which is of course ridiculous. Furthermore, the most egregious assumption I have made is that all of them will elect to take the free ride from Berkeley rather than take the free ride from Harvard. Remove any of these assumptions, and the true cost of the policy drops substantially. I personally think the true cost would be at least an order of magnitude less. But even with all these assumptions, the true cost is negligible, when compared to the entire Berkeley budget. </p>
<p>The point is, it's really not that expensive to do. So why not do it? </p>
<p>Guys, do the math yourself, if you don't believe me, and I think you should be able to convince yourself that even with the most egregious assumptions, it really isn't that expensive. </p>
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Affordable education by definition does not mean that you are the cheapest price for everyone.
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<p>I would argue that it is. Otherwise, the meaning of the word 'affordable' loses all meaning. For example, a school that charged 500k a year could claim to be "affordable", in the sense that a Kennedy or a Rockefeller could afford it. Hell, any school is 'affordable' when you look at it that way. I think if the word "affordable" is to have any meaning, then it has to have something to do with having the lowest pricetag. </p>
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<p>Look, the point is this. I believe that Berkeley should match the Harvard policy - any Californian who is admitted both Berkeley and Harvard and gets a fullride from Harvard should also get a fullride from Berkeley. We can dither about the details all day long, but the bottom line is, for those who don't like the idea, why don't you like it? What's so bad about it? I believe I have demonstrated that it really doesn't cost very much at all. And it would allow Berkeley to restore its credentials as truly being the most affordable option to all Californians, especially those poor Californians who are still qualified enough to get into Harvard. I have laid out why I think Berkeley should do it. For those who don't like it, I would like to hear why Berkeley shouldn't do it</p>