Harvard Tuition PR Stunt

Chris calls out Harvard’s PR stunt: free tuition for families under $200K? Pure BS. Most students still come from rich prep schools—admissions favor cash, not need. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
I got a good laugh at this Harvard University pr stunt,
tuition pr stunt that they just pulled off. They announced
that tuition will be free for students from families with
annual incomes of two hundred thousand dollars or less starting
in the two thousand and five two thousand and six

(00:37):
academic year, putting Hall within financial reachs for more individuals.
Wins the array of backgrounds, experiences, and perspectives that all
of our students encounter, fostering their intellectual and personal growth.
By bringing people of outstanding promise together to learn with

(00:58):
and from one another, we truly realize is a tremendous
potential of the university. Oh this new plan will enable
about eighty six percent of US families to qualified for
financial aid and expand the Ivy League's college commitment to
providing all undergrads the resources they need to enroll and graduate.
According to Garber, what a load a bs great pr

(01:21):
stunt O got to hand it to them because I
know that they're thinking about starting to tax university endowments.
First and foremost. Where do you think most of Harvard
students come from? Okay? Yeah, they're coming from more often
that New England prep schools. Okay, that costs fifty thousand

(01:46):
dollars plus a year, sometimes even more. Not a place
where kids under two hundred thousand dollars families making or
two hundred thousand going to send their kids unless they
play lacrosse and get a scholar ship. All right, trust me,
I know you think it's difficult for schools like Harvard

(02:08):
or any school out there. Again, the Wall Street Journal
for crying out loud, get a peace on this. I
think they were talking about Lafayette College and how yeah,
you gotta you're gonna have to google Google who this
kid is? Whose parents are? Okay, oh they got money,
they got mine. Well, you know what if you don't

(02:30):
think that they're gonna make choices based upon whether or
not the parents can write a check, of course they are.
You don't think they can figure this out? They know
they know how many full tuition students they need to

(02:51):
have to keep their business model going. They're well aware, Okay,
this is just a simple, simple algorithmic equation for these
folks over at Harvard. But I gotta hand it to
great PR stunt. But again, go sell your bs somewhere else,

(03:12):
all stocked up here, watchdog on Wall Street dot com