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ErickMontreal

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Private university tuition in the USA is about $38,000/year. To use Boston University as an example. The cost of an undergraduate education there is $25,000/year. Thus the university charges a "premium" of $13,000/year. 25% of students are able to pay the $38,000, or at least their parents pay it without any financial aid.

 

The extra $13,000/year that these rich families pay is then used to provide "scholarships" or "tuition discounts" for lower income students!!!!

 

Classic socialism! The rich are subsidizing the not so rich and the poor. Add to this federal and state grants to the students (not the universities). This is how Americans deal with private higher education.

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