Quote:
-- Folks pay the Smith tuition, except that 60% of the student body receives need-based aid, which is adjusted upwards to take account of any extra foreign expenses. Or at least ours was. (We got a good deal.) It isn't adjusted downward when the college's expenses are lower.
Does the school "profit" from other arrangements? I would imagine so.
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Mini, thank you for your reply. However, with all due respect, your posts do not address the issue at hand, despite your claims to the contrary. You are painting a picture of an idyllic program that costs MORE than the cost of tuition at Smith. While that might define the program attended by your daughter, this is NOT what has been discussed in this thread. What has been debated is the fact that schools "resell" a program at at mark-up by elevating the cost of a
lower priced program to the cost of tuition in the US.
So, let's remove the "self contained" programs abroad from a discussion that is about non-owned programs that are used as profit centers.
And, fwiw, you may consider how the Florence program that loses money is being subsidized by the full paying parents (with Smith students abroad) who do see their dollars being captured for someone else's benefit. Why does a parent have to arrange a one-year sabbatical to avoid being hosed by Smith? And being hosed is exactly what Smith does when they ask parents to pay the full tuition for their children who are abroad at a much cheaper program.
As I said, it is an issue of probity.