News for hackers. Stuff that matters.

A comment on College Financial-Aid Loophole: Wealthy Parents Transfer Guardianship of Teens. Parent comment

Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by astrange on Tuesday July 30, 2019 @03:10AM (#20562700)
In California people voted themselves Prop 13 so they'd stop having to pay for schools. College was free before then; now it isn't, and your K12 schools have to start foundations and constantly harass people into donating.
[ Parent | on HN ]
Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by rasz on Tuesday July 30, 2019 @05:27AM (#20563281)
Those poor poor Cali colleges. University of California, Los Angeles/Endowment 5 billion USD
[ Parent | on HN ]
Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by TheCoelacanth on Tuesday July 30, 2019 @12:41PM (#20566571)
That size of an endowment gives them about $4,500 per student per year, so hardly enough to cover the full cost of a education. For comparison, Harvard has an 8x larger endowment for half the number of students.
[ Parent | on HN ]