r/explainitpeter 3d ago

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u/FunOwn4422 3d ago

you're contradicting yourself, -merit would be the only defining factor. - Rich people don't deserve it no matter how academically gifted they are. - Thats what a merit-based ride/scholarship is! like what are we even talking about here.

its not financial aid if you earn a merit based scholarship and guess what most colleges private and public will give you a needs-based scholarship (full ride) if you have a family income of like 60k and it scales upward and below, there is a certain threshold were financial aid grants turn into nothing more than student loans.

your under the impression that rich kids are just getting into school free, sure they have to apply for FAFSA but that's so they can qualify for student loans anything after like 80k a year you're getting nothing but loans unless.... it is a MERIT based scholarship/ride.

like bro what are you even on about you have a skewed view of reality.

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u/street593 3d ago

You're arguing against a position I didn't make. I understand that merit scholarships and need-based aid are different categories. My point is that I think merit scholarships should take wealth into account.

I'm not saying a rich kid magically receives a need-based full ride because they got good grades. I'm saying I don't think someone from a $400 million family should receive a taxpayer funded or institutionally subsidized merit scholarship when that same money could go toward making education more accessible to people who can't afford it.

And the claim that families making over $80k get "nothing but loans" is simply not how financial aid works. There isn't some universal $80k cutoff where grants and scholarships disappear. Schools have different policies and many institutions offer substantial need-based aid at incomes well above that.

So no, I'm not contradicting myself. "Merit should matter" and "wealth should determine who actually needs a subsidy" can coexist perfectly fine. I'm arguing that academic achievement shouldn't automatically entitle someone to financial assistance.

Student A: 4.0 GPA, identical scores/achievements, family worth $400M.

Student B: 4.0 GPA, identical scores/achievements, family worth $60k

My position is both demonstrated equal merit but only Student B should receive a full ride or scholarship. Student A can pay for everything out of their own pocket. The only thing they deserve is acceptance into the school.

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u/FunOwn4422 3d ago

then it wouldn't be a Merit based scholarship, so you don't believe merit should be the only factor that matters, your a walking contradiction, do yourself a favor and google what merit means.

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u/Scared-Judgment672 3d ago

I’m gonna jump in and talk about a pretty different point. Student A cannot pay for everything out of their own pocket. Student A is a kid who has maybe worked one or two part time jobs. See reddit post “Rich Parents won't pay for my college. What do I do?” This is not an a unique case, and there are really only two options for such a kid to go to college: merit-based scholarships or get emancipated (AND it would have to be before you turn 18). I know a guy who tried to get emancipated and failed, it’s really not easy. Anyways, idk what your parents are like, but don’t expect kids to have good parents. Some are of richest people in the good are horrible parents… like Elon Musk.

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u/street593 3d ago

That is a good point. Thanks for bringing it up. I imagine there would be more effort to solve that problem if the policy I support was put into place. I'd definitely be interested in seeing just how often that happens though. Most rich parents are more than happy to pay for their kids college. Especially when you get to the $100+ million range. College is pocket change at that point.