LETTER: Questions about Affordable Excellence
What is missing for me in making a judgment about the announced tuition increase and the concomitant lowering of the debt burden expected of University student families is data on how many and which families will be negatively impacted. What is the threshold at which a family will not be provided any financial aid? Before and after the two new $1,000 yearly increases. How rich or wealthy must a student family be before no aid is offered? What is the percentage of student families at the University in this category, i.e., what is the percentage of families that will not receive any financial aid due to their wealth? And, conversely, how poor must a family be before they receive the maximum financial aid from the University? I know there is a sliding scale between the two and several factors impact the financial aid decisions but I need to understand, by some examples, how this plays out in the real world.