What criteria do colleges use to determine the amount of the discount that a student might receive?
Rather than list a discount percentage on your award letter, colleges provide financial aid and grants to reduce the cost of tuition. Why do you think they rarely use the word "discount" anywhere in their financial aid materials?
Do you think that public colleges would have higher or lower discounts? Explain.
If a private college had tuition cost of $30,000, what would a student receiving the median discount rate expect to pay "out of pocket" for tuition (remember there's room and board and other costs also which usually are not discounted!).