Originally Posted by ultramarina
Your point being that if there were no scholarship students, it would be a mix of the very rich and the upper-middle class, with more UMC kids being able to go?

In other words, the scholarship kids make it impossible for the UMC kids to go to Exeter?
Yes to your first question, but your second question overstates things. Suppose that Exeter went from 47K but need-based to 35K flat. Since there is a demand curve for any good, including private school, there are well-off families (earning say $250K) who would pay 35K but won't pay 47K. I did not say it is "impossible" for the parents to pay 47K.

Last edited by Bostonian; 01/24/14 10:52 AM.