128 karma · joined October 11, 2020
[0]: https://repositorio.ufsc.br/bitstream/handle/123456789/16372...
[0] https://twitter.com/SebastienBubeck/status/16441515797238251...
I'm not saying everyone deserves a merit scholarship—but if the point of university is to nurture the best and brightest, then the best and brightest shouldn't have to pay such exorbitant fees. Afterall, they're the reason the colleges maintain their sterling academic reputations.
If you have a household income of 250k—of which your take home is ~160k—and Columbia subtracts another 90k, that leaves you with 70k to pay for everything else. In expensive locales, that's not nearly enough to pay for the education of two children without mortgaging your house. If said best and brightest are unable to attend due to such circumstances, a merit scholarship seems in order—otherwise, you, as a college, are admitting that money means more to you than education, and that you're willing to take someone who isn't nearly as good (there's a reason you didn't admit them initially) simply because they're capable of paying. Not everyone who is admitted can afford to attend at the price of admission demanded by these colleges. Again, I speak from experience.
Princeton, for instance, is capable of letting in every student for free, and still not dipping into their endowment [0]. Why don't they do so? Because it would lead to lower tuitions across the board, and that's intolerable.
> if you're admitted, then you're going to get whatever amount of scholarship you need to go.
No, you get whatever amount of scholarship they think you need to go. Their understanding of your financial situation will be unsurprisingly self-serving.
[0] https://malcolmgladwell.bulletin.com/princeton-university-is...
Because of attention mechanisms, we no longer so heavily depend on the existence of those "pointy words," so generally, Transformers-based semantic search works quite well.
Shoot me an email at govind <dot> gnanakumar <dot> com if you're curious or interested in beta testing it.
Afterall, it's often useful to see how things are done, and why. Search at least makes possible the former.
Email me at govind <dot> gnanakumar <at> outlook <dot> com if you'd like to try out a beta—on account of potentially being hugged to death, I don't want to publicly display the link.