I do not work in Education but I was wondering how to remedy income inequality in Higher Education

To tell you about myself, I grew up in a family making roughly 30k a year, from Boston,MA , but attended Weston High, which is a top suburban district under a diversity program.

I attended Boston U for 2 years before transferring to GA Tech, financial aid covered tuition, but I was still on the hook for room+dining+fees. At BU, I worked in the dining hall which cut the 3,000 out and so I took out loans for the 10,000 for the fees+housing. At GA Tech, same thing, did have jobs that helped pay some of my housing +dining+fees. So, I finished undergrad roughly 30k in debt and have since paid it off.

Now that I am approaching 30, I was a computer science major, graduated cum laude too, I am making 140k a year on top of my investments and other side hustles.

The problem is even though I feel very comfortable with my salary, I looked into the cost of education.

I would be expected to pay 35k a year towards my kids tuition according to an EFC calculation, and that does not include housing +dining+fees, so if my kids went to a private school like BU, it would cost 53,000. I cannot afford that tbh, unless I start saving now. The scary thing is full price is 80,000 dollars.

I do not understand why private universities cost so much in this country.

I look into websites such as percentages of schools that are from the 1 percent, and the IVYS plus many other top privates are on top.

I'll give a story, my freshman year roommate was a kid from suburban Boston who had a scholarship to attend BU, so he was actually paying only 12k despite being rich,he was RIDICULOSLY SMART though, his family had 3 houses. A house in the suburbs, one seaside in Cape Cod, and another they rented out, I'm not sure where. I talked to him and his dad was an investment banker making around 400k ,ten years ago , whereas my family was not even making 1/11th of that. Talking to him, he always said stuff about how there are people even wealthier than him. He said his family was "comfortable" but would call his upbringing "upper middle class". He said a significant number of kids at BU were in his wealth range and a percentage were wealthier. He went to a boarding school where he says his family was on the lower end of the wealth spectrum, and many kids from his high school went IVY or to Amherst, Williams, Tufts, Middlebury, and Bowdoin. He said 100 percent went to college, and his class of 100 sent 11 kids IVY, plus 3 to UChicago, 1 to Stamford, 4 to Georgetown, 2 each to Rice, Duke, and Vanderbilt, and 4 to Northwestern. That is 29 percent of the high school going to top schools and another 24 percent went NESCAC, and many of the rest went to the Boston 3 (NEU, BC, BU) or NYU, so effectively 80 percent of his grade he said went to prestigious schools.

My public high school in Boston I was supposed to go to, a high percentage didn't even go to college, maybe 35 percent, 25 percent went to community college, 30 percent went to the lower tier MA state schools (Salem State, Fitchburg State, Framingham State) and 9 percent went to the UMass system (Amherst, Lowell, Boston, Dartmouth) and 1 percent to others.

My suburban district, 100 percent went to college, with a small percentage going IVY, I think 8 out of 170 kids in my class, and another 10 going to other top schools, with many students we had 14 kids in my grade go to BU, 13 to NEU, 12 to BC, 10 to Babson. I would say half my high school class went to decent schools.

How can we fix the discrepancy so all three high schools match each other is my question?

Submitted July 21, 2022 at 12:41PM by EconomySeaweed7693 https://ift.tt/KB0O1bk