tag:blogger.com,1999:blog-8242926316765633205.post8645549686200296841..comments2024-03-17T04:14:44.845-05:00Comments on Frugal Scholar: Letter from Reed College Prez Colin Diver and a Primer on Financial AidFrugal Scholarhttp://www.blogger.com/profile/12696815672500452503noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8242926316765633205.post-33688792071287422552012-12-04T23:59:29.955-06:002012-12-04T23:59:29.955-06:00I wouldn't be too quick to knock need-based fi...I wouldn't be too quick to knock need-based financial aid. Merit based financial aid is, in most cases, a discount. Many similar tiered colleges offer the same amount of merit financial aid to compete with other schools. So, as an example, you'll find that Beloit, Lewis & Clark, and Clark University will come in at almost exactly the same tuition level. So, are you paying the true cost of college...likely not. Is this practice inflating the cost of higher education...likely yes. omelighthttps://www.blogger.com/profile/01915829686982004420noreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-12947785859048270642009-08-24T03:49:34.958-05:002009-08-24T03:49:34.958-05:00I remember reading a long time ago an article that...I remember reading a long time ago an article that looked at the income level attained by graduates from universities across the 'prestige spectrum'. It concluded that with respect to income, it didn't matter where one went to university; what mattered was how well one did at whatever university. People who barely scraped through an Ivy League university didn't do as well as people who were at the top of their classes in state universities. I dont' know if it was true and no doubt there are exeptions. I probably remember the article because I liked the sentiment.Shelleyhttps://www.blogger.com/profile/10239488936038510294noreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-66003387305440464922009-06-14T07:52:25.190-05:002009-06-14T07:52:25.190-05:00@vossron--Thanks for the correction. Any further i...@vossron--Thanks for the correction. Any further info would be appreciated.<br /><br />@Meredith--Thanks for stopping by. I read your blog a few times (loved it!) and then drifted away. I will return! Tulane is richer than Reed and perhaps must offer more merit aid to get the students they want--I'm just guessing on this. <br /><br />@Duchesse--College costs have gone up beyond rate of inflation. In my efforts at saving, I always felt I was chasing a moving target.<br /><br />Re Jobs--Reed has a very high attrition rate (it's HARD to do well there and tends to attract idealistic/crabby students like myself). They claim everyone who ever attended as an alum.Frugal Scholarhttps://www.blogger.com/profile/12696815672500452503noreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-66209642753040221072009-06-13T17:18:09.560-05:002009-06-13T17:18:09.560-05:00Diver writes: "Over the past 10 years, our fi...Diver writes: "Over the past 10 years, our financial aid budget has more than doubled." How much has the cost of attending increased in that period?<br /><br />For what it's worth Jobs is not an alum- he never graduated from amy college.Duchessehttps://www.blogger.com/profile/09986153653120526776noreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-20420451073250385302009-06-12T21:03:06.210-05:002009-06-12T21:03:06.210-05:00I loved this post and will think about it as we gu...I loved this post and will think about it as we guide our own children through school. <br /><br />My husband and I both had 100% tuition + covered by choosing colleges which gave us merit funds; however, I didn't realize that this much disparity exists between colleges like Reed and Tulane.Meredithhttps://www.blogger.com/profile/08455517419708043340noreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-48734303802921300232009-06-12T15:59:07.662-05:002009-06-12T15:59:07.662-05:00"NEED is the same whatever college you choose..."NEED is the same whatever college you choose"<br /><br />No, many colleges, including Reed, make their own calculation of what a family's need is, often based on Profile. The possible exception is for colleges that use only FAFSA; they may all end up with the same calculated need.Anonymousnoreply@blogger.com