Tuesday, November 18, 2008

College for Free

Business week had a little article about "free" colleges:

The http://www.geekstack.com blog has a link to a similar post, that
took a slightly different approach (looking at conventional 'pay'
colleges that had ways of going free.)

I wonder how many "free" opportunities will survive this economic
downturn. It actually seems that many schools use school as a
measure of pride. (I recall hearing a story that Northwestern was
seen as an 'average' school until they bumped up tuition.) And with
financial age, tuition really only impacts the upper middle class.
(For the wealthy, the cost is peanuts. For the middle class,
financial aid will cover most of the difference - with many of the
elite schools moving towards mostly grant-based aid.) However, it is
still nice to schools actually encouraging academic achievement.

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