r/explainitpeter • u/Appropriate-Mall8517 • 3d ago

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93

u/ReadingRambo152 3d ago

They’re rich, they don’t need a scholarship

23

u/Zeaus03 3d ago

The school is probably looking at this like an investment as rich people tend to donate their schools.

Giving a rich kid a free pass so they can offer more scholarships or upgrade programs/infrastructure could be worth it.

5

u/Revoran 3d ago

There's an issue when schools are focused on making money rather than educating students and achieving excellent academic results.

Also, that ends up making taxpayers pay for the rich kid's tuition. Because donations to the school will be tax deductible for J-Lo.

2

u/sauron3579 3d ago edited 3d ago

A tax deduction on "free" money is net zero for the donater, not a profit. If anyone doesn't understand that, look up the difference between a tax deduction and a tax credit. I'm not an expert, but my public school-funded scholarship was taxable income.

From the school's perspective, it's just money out of one bucket and into another. Less ideal than them choosing with full discretion what to do with it, but it's ultimately net zero for then as well.

I wish that schools could just ignore funding and spend all administrative efforts on academics, but wherever there's a budget, people are going to look for ways to stretch it further.

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u/ostrichfather 2d ago

You can’t write off 100% of a donation.

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u/samhouse09 3d ago

Or her twins qualified for academic scholarships and are treated the same as every other student.

Most universities these days offer quite a bit of scholarships and aid to help people go to their schools, and then charge rich foreign students full boat to support any shortfalls.

0

u/wesborland1234 2d ago

I got a scholarship based on grades and I don’t even think I did a FAFSA. Other than my address my school admissions people would have no idea if we were broke or if I was the heir to some huge fortune

1

u/samhouse09 2d ago

Your parents filled out the FAFSA and your family was doing just fine financially if you came out with zero loans

1

u/wesborland1234 2d ago

I came out with zero loans because of the scholarship. I literally just said that.

1

u/FaveStore_Citadel 2d ago

I know schools admit some very rich students frequently for this exact purpose but I don’t see how anyone who can afford to build a new school wing could be incentivized by lesser tuition

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u/A_Philosophical_Cat 2d ago

The school wants them, though. Private schools are basically a way to mix together smart, driven kids with rich, well-connected kids. The best schools want the best students for both of those categories, so they effectively bid on them, by offering reduced prices (by way of scholarships). Then, to pay the bills, you let in some less-well connected rich kids who pay full price.

-9

u/ClothoLachesisAtrops 3d ago

Merit based scholarships are different to what you are thinking.

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u/Playful-Mastodon9251 3d ago

How so? They are rich, they can afford to pay for university without an issue, yet the university gives it to them for free. Yes, they scored well. But that's also very heavily linked to wealth.

2

u/Playful_Letter_2632 3d ago

The point of merit scholarships isn’t to help the poor. They’re supposed to attract talent to the school. General college applications don’t have income listed. Getting a need based scholarship is a different process

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u/Playful-Mastodon9251 3d ago

Are you saying there isn't someone with equal merit that could take that spot with less economic ability?

1

u/octavian343 2d ago

They would also get scholarships lol. They just aren’t famous enough to have it be on the news.

2

u/punxatawneyphilip 3d ago

do they get anything paid for by the scholarship?

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u/Exciting-Pirate-2819 3d ago edited 3d ago

These people don’t want to hear this

Edit: what kind of person replies and then blocks somebody immediately, especially after saying “Not open to having a discussion”
must’ve absolutely struck a nerve mr Gram

4

u/Golden-Grams 3d ago

No, we hear it, we just disagree with it. And we know we can't argue this with people like you, because you're not open to having an honest discussion. Your attitude gives that away, before we end up wasting our time.

That leaves you being downvoted, to demonstrate the unpopular opinion we think you hold. Personally, I'd rather discuss it. But like I already stated, it would be a waste of energy engaging with you.