Re:Bribes to Get into Yale and Stanford? What Else Is New?
by zarkov99 on Tuesday March 12, 2019 @08:00PM
(#19374321)
If the money goes towards scholarships for the deserving but poor its a good trade. Less so if it ends up in the pockets of corrupt paper pushers.
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Re:Bribes to Get into Yale and Stanford? What Else Is New?
by 0_gravitas on Tuesday March 12, 2019 @08:14PM
(#19374409)
And if I had to bet I would put money on the money not 'trickling down' as we would hope.
Re:Bribes to Get into Yale and Stanford? What Else Is New?
by cshimmin on Tuesday March 12, 2019 @08:29PM
(#19374520)
About 65% of students at Yale receive need-based financial aid from the University. Students coming from households making less than $65k don't pay anything at all for tuition/room/board. So clearly some of that endowment money is "trickling down".
Source: https://finaid.yale.edu/costs-affordability/affordability
Re:Bribes to Get into Yale and Stanford? What Else Is New?
by whatshisface on Tuesday March 12, 2019 @08:53PM
(#19374680)
At the university of Whatshisface, tuition is $10^12/semester, and everyone receives $(10^12-10^3)/semester in needs-based financial aid. I assure you that I have a karmatic license to do anything I want - after all, summed across all students I give more than the GDP of many small countries.
Re:Bribes to Get into Yale and Stanford? What Else Is New?
by cshimmin on Wednesday March 13, 2019 @09:35AM
(#19378427)
Right... From the stats from Yale linked above, the median net cost after financial aid is $12.5k. That's a lot less than I paid to go to a public university.
As for a "license to do anything", it's not clear what exactly you're complaining about here? They get some money through non-merit based admissions, sure, and then use the money to build nice things for students, and to help cover most students' tuitions. The point of this thread is that there's a difference between private schools accepting donations for this purpose, vs. corrupt individuals accepting bribes. The latter case benefits only the unmeritious student and the corrupt individual, and not the university has a whole.
Re:Bribes to Get into Yale and Stanford? What Else Is New?
by bsanr on Tuesday March 12, 2019 @09:04PM
(#19374741)
I wonder how that compares, demographically, to the proportion of students receiving need-based financial aid and full-rides at my alma mater (an HBCU with a substantially smaller endowment).