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0 pointsbluGill10mo ago0 comments

> Undergraduate tuition at Duke starts at $65,000 USD/year.

Does it? I don't know anything about Duke, but a lot of colleges I know of tell your tuition is around that price. However dig deeper and you discover it is almost impossible to not get scholarships thus making the real price cheaper. I know of one school near me that automatically gives everyone a 40% scholarship, then they look at your background to figure out if you qualify for anything more.

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dylan60410mo ago

Then why not just lower the tuition by 40%?

bluGillOP10mo ago

Because they can compete on how exclusive they are because of their costs. There is no downside to a high price as parents now ask what financial aid they can get before looking at price. There is a lot of upside in seeming exclusive - even though if you don't live close to me you have probably never heard of this college

thinkcontext10mo ago

Because the really rich and international do pay full cost which means they can lower it for lower income students.

LanceH10mo ago

Really rich isn't that high a bar, you'll find out when it comes to tuition.

GuinansEyebrows10mo ago

i wonder if universities can write off the "loss" of granting scholarships for inflated tuition rates? that said, scholarships come from all over, so if you're getting scholarships from outside the school itself, the school is getting all that money.

sgerenser10mo ago

Nope theres no “write off”, universities generally aren’t for-profit and thus don’t pay income taxes. Even in the case of a for-profit enterprise, if a company foregoes income it’s just less income coming in, there’s no extra “write off” on top of (obviously) not paying taxes on the foregone income.

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gosub10010mo ago

why are you asking instead of verifying the claim yourself?

bluGillOP10mo ago

I don't know how to verify the claim since I'm not a serious potential student.

gosub10010mo ago

you dont need to be one to check the price of a service

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