Re:YC’s Early Decision makes starting a company easier for g...
by juped on Tuesday September 24, 2019 @03:30PM
(#21063688)
There is a vast gap between "parents make < $100K/year" and "parents have assets to pay in full".
Re:YC’s Early Decision makes starting a company easier for g...
by nostrademons on Tuesday September 24, 2019 @03:38PM
(#21063761)
There is, but the financial aid formulas are sliding scales, not sharp cut-offs. They just like to publicize the zero-tuition cutoff because it makes for a good press-release.
The formulas (and sticker price, and median income) were pretty different when I went to college, but I had about 2/3 of my tuition paid for by grants when I went to Amherst, almost 2 decades ago. My parents were an elementary-school teacher and a househusband, so we were far from rolling in it. It was expensive, but ultimately affordable. If you're in the situation where it'll cost $100K in loans to go to college, you should shop around, and potentially also try to negotiate them down. Amherst gave me roughly double the financial aid that Middlebury did (ultimately a large factor in deciding where to matriculate), and then tacked on an extra couple grand when I said I was deciding between them and Williams.
Re:YC’s Early Decision makes starting a company easier for g...
by akhilcacharya on Tuesday September 24, 2019 @04:40PM
(#21064375)
> Also, most of the colleges that YC presumably recruits out of (Stanford etc.) are free to people whose parents make < $100K/year.
Maybe that's a bad thing?
It's not a lot of money, but it's more than many grad students make.
Also, most of the colleges that YC presumably recruits out of (Stanford etc.) are free to people whose parents make < $100K/year. You typically don't hold a lot of debt coming out of these elite institutions - either your education is fully paid for by grants, or you come from a social class where your parents will have had assets to pay in full.