Private College Admissions Bubble

northeastmom
Sat, 12 Apr 2008 12:53:12 +0000

I agree with you. In fact I just posted this under the Va State School thread in the parent’s forum:

Popularity of publics are higher, probably because of a combination of downturn in the economy and schools just increases COA tuition to a point where their bubble is about to burst. Sure the truly rich can always pay, but the middle class and upper middle class family just has trouble making that $200,000 commitment for each of their children. Many of these families are getting loans and work study and gaps in their financial packages with too little in the form of grants. JMO.



I think the same will happen for out of state publics too, because many have priced themselves to a point that parents can no longer pay that either. In fact, our upper middle class family feels that we will still pay less at a private school that offers good merit and financial aid, than most out of state public schools (offer little aid to OOS students on the whole, unless they are way above the average applicant).