Quote:
Originally Posted by sebastian_dangerfield
So long as the funding for those scholarships is sustained. I say our economy is still fucked, and will be dragged down once more as the effects of this tax compromise fade in the future (you can't print your way to prosperity any more than you can tax your way there, etc...). I think in 24 or so months you may see a lot of the scholarship money disappearing, and realize you have placed your kids in a school with nothing more than a crowd of similarly spoiled brats.
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There's truth in this for the middle of the pack in private schools. The school my eldest is going to simply jacks up the price of the education to cover scholarships - we pay what they ask, they have the best stats in the area.
The old line schools around here, like Andover and Deerfield, cover scholarships from slave and rum money, and don't care about the current economy so much.
The middle of the line schools, the places with average SATs in the mid-sixes who compete with other places with average SATs in the mid-sixes, have to decide between buying top poor students with scholarships, filling the class with middlings who pay full boat, and grabbing idiots whose families will contribute buildings and pay for the good students. In this economy, they need more idiots. This would be places like Choate, where internet Hank went. Yes, all those places will pull up the ladder anywhere from a bit to a lot.
