https://www.wsj.com/us-news/education/yale-tuition-free-financial-aid-55dee4cf?mod=hp_lead_pos10
No gift link for WSJ, but Yale site is free
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Interesting that the big headline is about full tuition coverage at under $200,000 family income, with a much smaller headline for zero parent contribution at under $100,000 family income (up from $75,000; about 15% of Yale undergraduates currently have zero parent contribution).
Perhaps there are more Yale students and WSJ readers for whom the $200k threshold is relevant than for whom the $100k threshold is relevant.
Do you realize that journalists typically have no control over the headline that accompanies their article? And that the headline writers do NOT do a deep dive into the “demographics” when writing a headline?
I would not assume anything– let alone what you are surmising– from the choice of headline. Except for “Headless body found in Topless Bar” which is taught in every journalism school as the template for “how to write a headline”.
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Just got the NY Times alert for it on my phone. Looks like some good marketing for Yale.
Gifted WSJ article.
It will increase the number of upper middle class who are likely to apply, because it is now affordable to many of them For a family making $180K a year, $20 is affordable, 40K not so much.
I would be interested to know if it will increase the number of students from families in that income range who attend Yale.
One Reddit thread says this (I don’t know how valid this is): “This is related to Yale’s excise tax on college endowment. Yale is heavily hit with the Trump tax. One way to get around this is to reduce number of tuition paying students to below 3000. what this means is that you will see 2999 full tuition paying students and 3801 zero tuition paying students (since Yale has 6800 students).”
I imagine there is probably an algebra problem that solves for “extra endowment tax payment” versus “reduced tuition a school will receive if they give out more financial aid”. Currently only 5 schools (the usual suspects) are hit with the 8% endowment tax (up from 1.4% previously) since the rich ones with fewer than 3000 students are exempt (e.g., Caltech).