Obama Forgives Student Debt Of 400,000 Americans

Re:Obama Forgives Student Debt Of 400,000 Americans by Cyph0n on Wednesday April 13, 2016 @05:31PM (#11492399)

Great, but how is that a positive? Stanford is a top level university, but it's simply out of reach for those who cannot afford it. University admissions should be purely merit based in my opinion.

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Re:Obama Forgives Student Debt Of 400,000 Americans by sethhochberg on Wednesday April 13, 2016 @06:03PM (#11492680)

Many elite schools practice need-blind admissions - Harvard, Yale, Princeton, etc. Financial standing has no merit on admissions, and if you can get in, you get to attend regardless of the financial support you require.

Its a great system, but it unfortunately falls apart for the less-elite schools which don't have massive endowments to rely on.

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Re:Obama Forgives Student Debt Of 400,000 Americans by superuser2 on Wednesday April 13, 2016 @06:18PM (#11492782)

University admissions are need-blind when you're playing at this level, and qualified students from families who can't afford it are given aid packages that make it free or nearly free.

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Re:Obama Forgives Student Debt Of 400,000 Americans by polytap on Wednesday April 13, 2016 @06:20PM (#11492799)

Compared to many other institutions, Stanford does a good job of dealing with that issue. 85% of students receive some form of financial aid. There is no family financial burden for incomes $60k/year and lower.

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