Comment True Cost vs Cost on Paper (Score 1) 391
Full tuition and fees may be $50K per year at some places, and the true cost to the university (per student per year) may be higher, but what's the true cost to the student?
The elite colleges and universities have need-blind admissions and financial aid that is entirely driven by a family's resources. That means the rich families who can easily afford that $50K don't mind the cost, and the families that can't, don't suffer it. Furthermore, the best school of those schools have been implementing no debt policies, where all the financial aid is in grants (instead of loans), so having debt after graduation isn't even an issue.
It's just dishonest to tell kids "Don't bother with Princeton, you can't afford it" when the reality is: for the elite colleges, if you can get in, they'll help you with the cost.