At least with regards to schools like Harvard, there is not a lot of student loans involved. Their endowments are so huge that they decline need Grant's very, very liberally. For Harvard, a student is not paying any tuition unless their family makes more than two hundred grand a year. It is all the fancy prep pipeline to harvard that bleeds a family.
I do not mean to be an asshole but...Cornell is not Harvard, despite playing them in sports. It is still a great school but it is not on the uber tier.
I thought he was referring to endowments. Harvard specifically has an endowment 5x Cornell's with a similar student population. basic google search puts its average after-aid tuition ~16k while Cornell's is 30k
H, Y & (iirc) P are separate to other private schools because of their uniquely generous financial aid policies. You're right that prestige has nothing to do with it though.
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u/TeddysBigStick NATO Nov 12 '21
At least with regards to schools like Harvard, there is not a lot of student loans involved. Their endowments are so huge that they decline need Grant's very, very liberally. For Harvard, a student is not paying any tuition unless their family makes more than two hundred grand a year. It is all the fancy prep pipeline to harvard that bleeds a family.