They’re killing the middle class though

Some schools might be, but not places like Chicago or Harvard. At least not through their tuition policies. They give financial aid to those up to a pretty high income threshold.

UChicago, for example, gives free tuition to anyone who is the first in their family to attend college, or makes less than $125k a year. Harvard, as I mentioned, essentially gives free tuition up to $150k. MIT’s threshold is $200k. Families in these income ranges are doing pretty well for themselves.

And then when students graduate from these schools they have a pretty easy path to being rich themselves. The degree, the connections, and possibly the education itself provided a pathway towards six figure jobs, maybe $200k+, before the age of 30.

So no, I think these schools are a pretty good value proposition for even the middle class. Upper middle class has to pay the highest percentage of their own income, but it’s still worth the cost for them.