posted on Aug, 18 2009 @ 12:32 AM
reply to post by mrmonsoon
You are going to find more and more of this from elite universitys. You will also see significanly more scholarships from them. The issue here is
The universities are getting significant pressure to cut tuition when they have, as in the case of Harvard, and endowment of over $100bn. The issue
here is are they a university or an asset management firm/bank? With that kind of dough, why are they raising tuition 6 to 8%/year?
The government is putting pressure on them as well. With that kind of dough, why would the government give them any money?
As a result, they are doing more of this on-line stuff and they are giving out a significant amount of scholarship money.
Both good things and if you have the time to take advantage of it, have at it.
One of the unusual things that has come out of this is that because they are giving out so much more money, there are smart kids who never would have
thought to apply to an elite school because they could not afford it. Now they are getting in. There are a number of rich kids that I personally
know who were all but certain to get into a top school who did not get in because the competetion just got a lot harder. Some are taking a year off,
some are going to lower quality schools and some are going to community colleges. Again, a good thing in my opinion, for a ton of reasons.
If you have friends with smart kids who thought these schools were out of reach because of the money, tell them to adjust their thinking and give them