If you are the child of a middle class family in California, it is probably cheaper for you to attend college at Harvard than at a nearby public university.
That lede from the @JHWeissmann story in The Atlantic grabbed my attention. And he’s marshalled some data to support it:
The Bay Area News Group recently crunched the numbers using a family of four making $130,000 a year. Between tuition, room, board, and other expenses, that family would pay $24,000 a year to send one of their kids to school at a California State University campus. Although the sticker price on Harvard’s tuition is a dizzying $36,000, the university’s generous student aid would make it a significantly cheaper option.
How much cheaper? The final price would be about $17,000. That’s also less expensive than the full cost of attendance at the University of California, Santa Cruz ($33,000 a year). It’s even less expensive than the University of California, Berkeley ($19,500 a year), which has begun dolling out more aid to compete with other elite schools.
More data and a bonus infographic await.
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