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Rice University Says Middle-Class And Low-Income Students Won't Have To Pay Tuition (npr.org)
Rice University is "dramatically expanding" its financial aid offerings, promising full scholarships to undergrads whose families have income under $130,000. NPR reports: The school says it wants to reduce student debt -- and make it easier for students from low-income families to attend. "Talent deserves opportunity," Rice President David Leebron said while announcing the plan on Tuesday. The full scholarships are earmarked for students whose families have income between $65,000 and $130,000. Below that level, the university will not only cover tuition but also provide grants to cover students' room and board, along with any other fees. Another part of the program will help students whose family income surpasses the maximum: If their family's income is between $130,000 and $200,000, they can still get grants covering at least half of their tuition.
The trend lately is for colleges to set a ridiculously high price, then give "everyone" a discount. They're taking as much as they can from everyone. In what other field do companies get away with that? What a scam.
If your family is pulling in $130,000 and you can't afford an education then the problem's in the Universities.
Maybe those $100 million sports facilities and plasma TVs in every bedroom aren't really needed.
No sig today...
Germany has had such a system for decades, and is the power house of Europe.
The world's burning. Moped Jesus spotted on I50. Details at 11.
As the US continues it's long fall towards Socialism, I am saddened by the low information populace who think that this will be a panacea.
Let me try to help you out:
Rice University: William Marsh Rice University, commonly known as Rice University, is a private research university ... (emphasis added)
As someone who is strongly committed to both free market principles and also smaller government I think this is utterly fantastic. It doesn't get better than this. It is the polar opposite of Socialism.
The university, a private entity, has made a public financial commitment that better serves its own interests and the public good. Why hate on that? I mean, seriously, I would much rather see this sort of thing than more government handouts. Those handouts require the government to use the police power of state to confiscate private property (the money each taxpayer earns) and then use a corrupt and inefficient system to dole it back out. In fact, federal education spending is probably the most wasteful spending on the part of the federal government. The university doing this for themselves means that they have a vested interest in efficiently applying the funds in question and in producing the best outcomes (successful alumni who improve the school's reputation and donate back to the school).
Sorry, but you are way off base and this should be the way that education gets fixed in this country: by the schools, not by the government.
The trouble with socialism is that eventually you run out of other people's money
Rice University is a private institution, so this is charity, not "socialism".
They may have done a cost-benefit analysis and figured what they will lose on tuition, they will make up in endowment contributions from grateful future alumni who are earning and investing rather than trying to pay down debt.
They will cover tuition, but what about all the other costs? Not covered unless your family is below that $65k mark. I wonder if they found that they still make a nice profit on the room and board, etc.
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One semester of bad grades, and out the door German college students go.
That seems like a good incentive for students to do their best.
German 'poors' are routed into apprenticeships, same as their parents were.
No, German 'dumbs' are routed into apprenticeships. It is based on aptitude, not income.
And there is nothing wrong with apprenticeships. They are a good option for people that are not academically gifted.
I went to college and did an apprenticeship in metal working. Knowing how to use a metal lathe and CNC mill turned out to be very useful life skills.
Not just the university presidents.
You listed some university presidents with very high salaries. Let's compare to the head football coaches for those same schools.
1. Arizona State: the president makes $1.5mil, the football coach makes $3.2mil.
Your second university listed, University of Texas, paid it's chancellor $1.5mil. In the past three years, they paid their football coaches an unbelievable $54 million.
https://www.businessinsider.co...
You can go right down that list and see that university football coaches are making several times more than the presidents of the universities. In fact, in every single case, they are the highest paid public employee of their respective states.
You are welcome on my lawn.
In 1964, Rice's tuition was $0, per the Founder's will. Then they broke the will and started charging. Of course, others since, singlely and in combination, have given more now. However, this is a good step toward restoration of their Benefactor's honorable intent.
If they can lower tuition, that means that did not have to raise it to meet ends. Then why did tuition raise in the first place?