Thank you! I’m just wondering because I know I’m not going to qualify for financial aid but I don’t want to be drowning in student loan debt so a bit disappointed that there’s no merit-based.
Other than the uber-wealthy among us, we are all in exactly the same boat. It then comes down to a question of values.
Schools like NYU chose to raise enough money to take tuition out of the equation for everyone. Of course, the trick there is getting accepted!
Others, like Harvard, Pitt, Case, etc., have chosen to dedicate their resources to those with demonstrated current need, after taking parental financial resources into account, even though we will all earn more than enough in the future to service whatever debt we incur. And still others have chosen to dedicate resources to bringing down the cost for candidates they want, based on stats, demographics, or, honestly, whatever they think is important, without regard to parental or student wealth and income, recognizing that hundreds of thousands of dollars in debt is a burden for everyone when they are starting out, no matter how rich or poor their parents are.
At the end of the day, we all make a choice based on what options are presented to us. Some will choose full pay at Harvard or Case over a vastly reduced COA elsewhere because we are impressed by a name, new building, match list, whatever. Others will be fortunate enough to have highly ranked low cost options. Others will choose the lowest cost option regardless of rank. Still others will be thrilled to have any option at all, since many won't.