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You are currently reading a thread in /biz/ - Business & Finance
Last week, Stanford University announced that more accepted students won’t have to pay anything for tuition, which normally runs nearly $46,000 a year.
Students whose families make less than $125,000 a year and have assets worth $300,000 or less, including home equity but excluding anything that they have saved in retirement accounts, won’t have to pay tuition. Students whose families make less than $65,000 also won’t have to pay for room and board, which can run about another $14,100. Scholarships or grants will cover the costs instead, and the school has a $21 billion endowment. The thresholds were previously $100,000 for free tuition and $60,000 for free room and board.
Students will still have to contribute at least $5,000 a year from part-time work during the school year, working during the summer, and/or savings.
“Our highest priority is that Stanford remain affordable and accessible to the most talented students, regardless of their financial circumstances,” said Provost John Etchemendy in a press release. “Our generous financial aid program accomplishes that, and these enhancements will help even more families, including those in the middle class, afford Stanford without going into debt.” The school says that 77 percent of undergraduates leave without student debt.
When something is free, there is less of it.
How much has enrollment grown at Stanford in the last 10 years? I'm guessing very little. Thus, thousands of students are denied an education at Stanford because of their regressive business practices.
Why not cut costs, increase efficiency, grow enrollment and cut the tuition price?
>>1109681
>Why not cut costs, increase efficiency, grow enrollment and cut the tuition price?
Because the policy of federal student loans and aids makes it unappealing to do this when they could just guarantee income from the government via these sources.
If we got rid of the Department of Education, tax credited everyone the federal wasted funding, and opened education up to the marketplace rather than being subsidized to the point that competition just can't happen, we'd see quality go up and prices go down.
>>1109681
>How much has enrollment grown at Stanford in the last 10 years? I'm guessing very little. Thus, thousands of students are denied an education at Stanford because of their regressive business practices.
unless they're selecting people or setting aside places based on this then no...
if they're selecting students as usual but allowing the poorer ones of those selected to get this subsidy then it doesn't seem too bad
much better than any affirmative action nonsense that could see, for example, Will Smith or President Obama's offspring being let in to some college with a lower grade simply due to being black
didn't stanford already get cucked by SJWs?
no one wants to go there anymore
>>1109703
>no one wants to go there anymore
lol...
The things NEET's say on this board sometimes.
>>1109691
>>1109698
>>1109681
It's economics 101. If the decrease in the price of the product is less than the increase in the resulting quantity sold, then you are decreasing total cost. Federal loans are miniscule. I file for them using my father's tax returns, and I barely get $6000/year, and he's in one of the lowest tax brackets. Even if you get in, tons of brilliant students will turn it down if they don't get a scholarship. Covering more students tuitions will increase enrollment of gifted students by double digit percentages.
Or, it could be you know, maybe the smartest professors in the world understand that crippling the smartest students in the world with loads of debt isn't good for anyone?
Stanford Enrollment:
1999-2000
Total full-time, first-time, first-year (freshman) men enrolled 890
Total full-time, first-time, first-year (freshman) women enrolled 859
2015
Total full-time, first-time, first-year (freshman) men who enrolled: 867
Total full-time, first-time, first-year (freshman) women who enrolled: 853
no enrollment growth.
There will be a tipping point where for profit colleges dominate these socialist relics.
>>1109717
Standford can easily grow enrollment and cut costs and make tons of money, even with a lower tuition. Businesses do it every freaking day, in case you haven't noticed.
