[cardcrimson]

Question, what is the true cost of a scholarship? The variable costs of tuition have to be a fairly low percentage. Books probably pretty low as well. Room and board? 50%? So of the $70k total, perhaps only $10k is variable. . . .

Academic year undergraduate tuition alone for the coming year is $61.731.  I found a quote from about 20 years ago that tuition covered about 60% of the actual cost.  It is not clear whether that refers to the list tuition cost or the tuition net of scholarships.  I assume it is the former.

Wait. You're saying that the cost of one student on the margin is $100k and the university is only charging $60k. Somethings amiss. I'd imagine that adding one student wouldn't increase costs much at all. . . .

[cardcrimson]

Question, what is the true cost of a scholarship? The variable costs of tuition have to be a fairly low percentage. Books probably pretty low as well. Room and board? 50%? So of the $70k total, perhaps only $10k is variable. . . .

Academic year undergraduate tuition alone for the coming year is $61.731.  I found a quote from about 20 years ago that tuition covered about 60% of the actual cost.  It is not clear whether that refers to the list tuition cost or the tuition net of scholarships.  I assume it is the former.

Wait. You're saying that the cost of one student on the margin is $100k and the university is only charging $60k. Somethings amiss. I'd imagine that adding one student wouldn't increase costs much at all. . . .