Tiger69
Postdoc
Posts: 2814
Reg: 11-23-04
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10-11-17 01:54 PM - Post#233792
In response to SRP
Amen, SRP. I, for one, was influenced in my annual giving decision by the high loan component of an undergraduate's cost when our endowment reached such gigantic amounts. When Princeton led the Ivies, especially h and y, in loosening its pursestrings to make it more affordable to students from lower and middle income families, I applauded the decision and upped my modest giving. I believe that the decision was driven primarily by the conclusion that Princeton was losing increasing numbers of talented students as a result of its high net cost relative to good state institutions. So, although it was a self-serving decision, the effect, if one believe as I do, that an Ivy education is something special, was very positive. If it has also made a Princeton education available to some bright students who are also fine athletes, so much the better, But, unlike athletic scholarships, FA based on need has no strings -- like staying free of injury or continued athletic participation. The coaches are out of it once a student gains admission. Which, IMHO, is how it should be. P's large endowment does put a few smaller Ivies and/or those with less generous or affluent alumni/ae at a disadvantage in potential FA. But, I shed only crocodile tears for all but B and D. Life ain't fair.
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