<p>I propose simply eliminating the subsidy for those who can pay. (I’d also auction off a certain portion of the places to the highest bidders among pre-qualified applicants - they essentially do that now, but just not publicly.) I don’t think they’d have any problem filling the school with highly qualified applicants whose parents would beg for the opportunity to pay.</p>
<p>Do the numbers: if you include the subsidies, lower income folks are NOT getting the lion’s share of financial aid. And now that some schools have lowered and/or eliminated loans for upper middle class folks, that is even less true.</p>