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panjandrum wrote: »
However, middle class and upper middle class get a big portion of their income soaked dry by college tuition.
So, our middle class students who got great grades are now stuck with student loans to attend these schools just because they're middle class
While in some institutions aid is indeed aid, because the cost of the service they are providing is higher than the price charged, in many institutions aid is not aid. Aid is, again, price discrimination. In these institutions they charge the full payers to subsidize those who receive large finaid packages. The wealthy does not suffer from it, because the cost is a small percentage of income. However, middle class and upper middle class get a big portion of their income soaked dry by college tuition.