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0 pointsBonesJustice6y ago0 comments

Might have to do with wanting to avoid people trying to game the system?

Not that I expect the shroud of secrecy to actually mitigate that problem.

0 comments

The purpose of this sort of secrecy is to avoid people seeing how the system is gamed against them.

You seem to think that the system will be used to boost kids with high adversity scores. Many colleges desperately want kids who will pay full tuition. But they also want to claim they're "need blind." Voila. The "adversity" score tells them whether the kids came from a rich neighborhood.

BonesJusticeOP6y ago

Actually, there was an interesting link posted here a while back[1] that explored how non-profit colleges have a vested interest in making sure at least half of their students cannot afford full tuition.

To keep their tax exempt status, they must act as a “charity” by extending financial aid to at least half of their students.

The tax-exempt status enables them to invest their endowment without paying taxes on the gains.

[1] https://news.ycombinator.com/item?id=18792515

cm21876y ago

Or rather to keep the capacity to arbitrage the system to insiders.

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