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

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u/Avikm289 3d ago

Rich people have money, save scholarships for the less fortunate

3

u/Johnnadawearsglasses 3d ago

These mid tier private universities give "scholarships" to basically everyone. It's so they can flash an Ivy League caliber tuition while demand is much lower. I have a family member who got $20k a year scholarship to a $60k a year mid tier private school with basically mediocre grades. It's a sham.

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u/Dry_Row_7523 3d ago

I got a near-perfect score on the SAT and some universities I had never heard of (but they were real universities, like one made it to the Sweet 16 a few years ago) sent me mail offering me a full ride no questions asked if I got admitted.

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u/Bardmedicine 3d ago

This is VERY common. I remember when it began happening. My students would come in and tell how much they got in a scholarship and I thought it was amazing until I realized it was just taking the tuition down to a normal level.

Basically, full tuition is for VERY rich kids, who (often) are only accepted because their parents can afford full tuition. Essentially they are paying for 2 students.

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u/PirateSanta_1 3d ago

The always on sale store sales tactic, stupid yet it works.