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Re:Rice University Says Middle-Class And Low-Income Students... by colordrops on Tuesday September 18, 2018 @04:47PM (#18018969)
A huge problem I find with financial aid policy at many educational institutions, from elementary school all the way to university, is that the aid is often cut off at a specific threshold. For instance, if you are making $149,999 a year, you might qualify for $20k financial aid. But if you are making $150,000, you get none. So the two families with nearly identical situations are given grossly different treatment.

I don't understand why it's not a continuous scale that just approaches zero at a certain point, rather than these hard cut-offs.

edit: just saw that someone else made a similar comment. Mine is referring to education in general and not the article specifically, and in fact I have personally run into this situation. It seems that educational institutions would be by definition smarter about how they handle this.

Re:Rice University Says Middle-Class And Low-Income Students... by Someguywhatever on Tuesday September 18, 2018 @05:08PM (#18019147)
Well you could make it a ratio of:

[your income]/[maxincome] * [MaxFinancialAid]

But then you would end up with situations where people can borrow $500 which is useless. So they just allow it up to 150k and then make it a hard cut off as they feel that anybody who makes that much should absolutely be able to pay, and the administration costs of loaning < 10k could be a waste of time lets say.

Re:Rice University Says Middle-Class And Low-Income Students... by colordrops on Tuesday September 18, 2018 @05:44PM (#18019435)
But $500 is still a lot to a family who's margins are very tight. Or $2000 for a family that is closer to the threshold.
Re:Rice University Says Middle-Class And Low-Income Students... by Someguywhatever on Wednesday September 19, 2018 @11:11AM (#18024698)
Nobody would administer a loan for $500 though, the juice isn't worth the squeeze for financial institutions