> but I can’t imagine that would ever be put into practice because it would hurt the wealthy too much.
It definitely would hurt their bottom lines, since most of the private elites also provide non-loan financial aid out of their endowments to people who can’t otherwise afford to go. That only works if only a few poorer people make it over the bar.
Public schools should step up more here, as it is their mission.
> That only works if only a few poorer people make it over the bar.
That is not true. The per-capita endowment of Harvard (and other schools of its caliber) is so large that it could afford to entirely eliminate tuition[0]. Currently, approximately 60% of students receive some sort of financial aid, and 20% pay no tuition at all[1]. These figures are similar at other similar schools.
It definitely would hurt their bottom lines, since most of the private elites also provide non-loan financial aid out of their endowments to people who can’t otherwise afford to go. That only works if only a few poorer people make it over the bar.
Public schools should step up more here, as it is their mission.