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You’ve missd the point and you took my quote out of context! First of all, what about those 40% who did not get a FA package at Harvard? Do you call them Rich Kids or not? Secondly, do you know what is the composition of “some kind of aid” at Harvard? Is it free ride or a $1,000 grant or a loan? If it is a loan, is it fully amortized or not? I bet you those 60% of students at Harvard still have to pay a hefty amount out of pocket, only very few students get a substaintial aid package, let alone some one gets free full ride. For those received $1,000 grant, it became a part of the 60% statistics but that is not even material to the 60K/year COA.</p>
<p>Granted, NYU do not have a good FA package, but you cannot say its a bad school because its FA policy. Afterall, it is still ranked better than most, if not all schools on USNWR. No, it is not the ivies, but its there for a purpose. My DD got accepted by NYU last year and they DID provide a FA package, we got a “private” loan which is fully amortized on day one and of course we declined to take it. Perhaps had she applied to Harvard, she might have gotten the same package and what would you call Harvard then?</p>