For the record, I’m not American nor live in the US, but I have a 19-year-old son who started attending the University of Chicago this year, studying economics. Just the tuition itself is $70k. My husband and I are lucky enough to be able to afford it - I still believe it’s an outrageous amount of money to attend college.

  • HobbitFoot @thelemmy.club
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    7 hours ago

    US universities engage in price discrimination between different students.

    For public schools, there is different tuition between in state and out of state students. There are also some state government programs based on merit and financial considerations.

    For well endowed private schools, the universities will provide scholarships based on a variety of reasons. For students from rich families, those families are generally paying full price and there generally is the implication of additional donations.

    • Telorand@reddthat.com
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      7 hours ago

      This is the reason. Every public school, like University of Chicago, has non-resident pricing that’s typically two to four times higher than in-state resident tuition. Source: used to work at a state university.

      The original idea was probably to encourage people to stay within their state and boost the state economy, but greed from the admins kinda changed the nature of things.