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[QUOTE="Shrmdougluvr, post: 2801943, member: 396"]
If i recall, Bloomberg's gift was essentially intended to make Hopkins Ivy-esqe/comparable with respect to aid for students from "low income" families.

I think it would be great if more colleges/universities could sell it's major donors on this type of donation.  I don't know what it would cost, but a $500 mil gift, earning 2%, yields $10 mil.  I'd think that create a pretty big dent towards student debt for "low income" families.

Also, how does this work for Albany, Binghamton, Stony Brook.  NY kids whose families pull in $110k or less can go to school tuition free (I may be over-generalizing for hypo's sake).  They still have to pay room and board though.  So how do the scholarships work?  Does Albany have to give a kid whose family makes $50k per year a full ride to cover all room and board costs, or can it give a partial scholly based on the total cost of education (since room and board is about half the total cost, does a .5 scholly cover them completely now)?

Is the NCAA going to have to step in and start looking into this?  Let's face it, its a matter of time before some school or State just starts covering the whole nut for any kids who's not in the upper 10% or some other really high threshold.
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