Well-off students at private schools have long subsidized poorer classmates. But as states grapple with the rising cost of higher education, middle-income students at public colleges in a dozen states now pay a growing share of their tuition to aid those lower on the economic ladder. <\/p>\n
The student subsidies, which are distributed based on need, don\u2019t show up on most tuition bills. But in eight years they have climbed 174% in real dollars at a dozen flagship state universities surveyed by The Wall Street Journal. <\/p>\n
During the 2012-13 academic year, students at these schools transferred $512,401,435 to less well-off classmates, up from $186,960,962, in inflation-adjusted figures, in the 2005-06 school year. <\/p>\n
At private schools without large endowments, more than half of the tuition may be set aside for financial-aid scholarships. At public schools, set-asides range between 5% and 40% according to the Journal\u2019s survey.<\/p><\/blockquote>\n
The article continues to provide specifics of the situation at various universities, as well as to quote parents and administrators opinion on the subject.\u00a0 This is something that\u2019s always been very hidden \u2014 but encouragingly, some universities are now being open about it, due to political pressure, and in at least one instance cited by the WSJ, the University of Iowa, have ended the practice.<\/p>\n
The money used in this manner goes under various names, the most prevalent being \u201ctuition set-asides.\u201d\u00a0 So I googled \u201cUniversity of Illinois\u201d \u201ctuition set-asides\u201d and came across a link to a survey on the topic (which I can\u2019t link to because it automatically opens up the document) with a few answers:\u00a0 in Florida, for\u00a0instance,\u00a030% of all tuition increases (since when?) are set aside as financial aid, and in Texas, 20% of tuition greater than $46\/credit hour is set aside \u2014 but I came up empty on the University of Illinois.\u00a0 I tried their website, too, but couldn\u2019t find anything about tuition policies or financials in general, really.\u00a0 <\/p>\n
So this just leaves me even more irritated than when I initially wrote on the topic<\/a> a while back, but more determined that, when my oldest (entering high school in the fall) starts looking at colleges, I\u2019ll be a bit helicopter-parent (but it\u2019s my money!) and make the necessary calls to at least try my best to force the schools under consideration to disclose how much of the tuition we pay is mandatory scholarships.\u00a0 Hey \u2014 at least it should be tax-deductible. . . <\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"Here\u2019s a link which is probably not going to get anyone (except WSJ subscribers) anywhere:\u00a0 \u201cMore Students Subsidize Classmates\u2019 Tuition.\u201d\u00a0 But\u00a0if you copy the lines quoted below into your browser, you should be able to get to the non-paywalled version. Well-off students at private schools have long subsidized poorer classmates. But as states grapple with […]<\/p>\n","protected":false},"author":2209,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-666","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\n
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