Long term, this will hurt the reputation of McGill, as it will become the school of “my parents paid for my tuition fees” and “I had to take a 75k loan because I couldn’t get into UBC/UofT”.
Harvard seems to be doing just fine with that same reputation.
Harvard has need based financial aid, and it’s probably the most generous in the US. For a family of 4 making 100k a year sending their kids to college, not only would the aid cover all of the tuition/books/personal expense, it’d cover over half of the housing and food (12k of 20k covered).
So it’d be significantly cheaper for a student from Ontario to go to Harvard than McGill.
Harvard seems to be doing just fine with that same reputation.
Harvard has need based financial aid, and it’s probably the most generous in the US. For a family of 4 making 100k a year sending their kids to college, not only would the aid cover all of the tuition/books/personal expense, it’d cover over half of the housing and food (12k of 20k covered).
So it’d be significantly cheaper for a student from Ontario to go to Harvard than McGill.