Brown University raising $120M to eliminate all student loans

Re:Brown University raising $120M to eliminate all student l... by Improvotter on Tuesday November 28, 2017 @10:26AM (#15798042)

I recently met an American here in Europe that mostly grew up here the last few years who wanted to go to NA (more specifically Toronto) for university when she could basically enrol here in a good university for a fraction of the cost. I pay less than a gran every year for my software engineering master's degree and can't fathom someone going to a different country knowing you're gonna be in debt for a large portion of your life. I'd rather study here and move to Canada after than study there and get a huge ass debt piled up.

I really don't get how these universities manage their cashflow. With such an exorbitant amount of cash you can basically put people on Mars for all I know.

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Re:Brown University raising $120M to eliminate all student l... by wbkang on Tuesday November 28, 2017 @10:36AM (#15798134)

Canadians university has far lower tuition than the US equivalent. It's also easier to immigrate when you have a Canadian degree so the story might be a bit different for Canada.

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Re:Brown University raising $120M to eliminate all student l... by refurb on Tuesday November 28, 2017 @10:52AM (#15798302)

Tuition is far lower if you're a Canadian citizen or resident. If you're foreign, it costs $25,000+ per year which isn't that different from public US universities.

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Re:Brown University raising $120M to eliminate all student l... by wbkang on Saturday December 02, 2017 @05:44PM (#15834636)

I went to UWaterloo CS co-op as an international student and it was less than CA$25000/year all-inclusive and before the money I made from co-op. I am pretty sure comparable education in US costs far more than that.

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Re:Brown University raising $120M to eliminate all student l... by charlesdm on Tuesday November 28, 2017 @10:32AM (#15798094)

Ivy League schools have massive endowments, which are essentially huge investment funds. They employ people to invest their money.

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Re:Brown University raising $120M to eliminate all student l... by bmmayer1 on Tuesday November 28, 2017 @11:27AM (#15798663)

The trick is that most people don't pay full tuition[1]. It's like hospital prices: most people don't pay the sticker price and those who do are subsidizing those who don't.

[1]http://time.com/money/4777909/private-college-scholarships-2...

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Re:Brown University raising $120M to eliminate all student l... by greedo on Tuesday November 28, 2017 @11:51AM (#15798899)

Or they're taking out student loans that they'll have no realistic ability to repay.

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