Thanks for the article. This quote seems particularly important, given the constant discussions on CC about how rich kids are supposedly subsidizing poorer kids: “We spend about $100,000 per year on every student. But the ‘sticker price’—what we charge for full tuition plus room and board—totals a little more than $63,000. So even families who are paying the full comprehensive fee are receiving significant support from the college.” I believe this is true of many, and perhaps most, private institutions.