Love Thee Notre Dame

MiPerson80
Wed, 10 Jun 2009 10:07:13 +0000

I still have to disagree, and I won’t pick on just ND but all of these top private school. Total costs of >$50K/year, with 4-5% increases per year is not sustainable. Thses school’s financial aid models (except HYPSM) assume the student will take on at least $20K in debts and that parents will borrow out of their home equity.

We are hearing severe complaints from ND parents about the 4.4% increase this year. Some parents have agreed to send their kid to ND but say they are truly scared about the debt they will have to take on.

I just think it is incomprehensible to expect famalies making more $170K/yr to pay $220K for a private school education. At some point this is going to have to stop.

What is also worrisome for ND is that they hardly had any increase in applications this year, even with going to the common app. They admitted more kids, I think this is going to hurt their ranking.