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They miss the point, of course. The whole thing about Harvard and the other Ivy League schools (and I assume similarly prestigious schools in other countries) is that you make contacts that will be valuable in later life. You might not learn much economics, but having a room-mate who is destined to be the Secretary of the Treasury in 30 years' time is a huge advantage.
And the problem for the foreign students is that they are, well, foreign. To fit in at Harvard/Yale/Princeton/etc. you need to have gone to the right prep school first. And have gone to the right church, and been in the right yacht club as a young tyke. The Chatham Yacht Club on Cape Cod is not a bad place to start... You will have of course arranged to have a grandfather on the nomination committee...
The whole thing about Harvard and the other Ivy League schools (and I assume similarly prestigious schools in other countries) is that you make contacts that will be valuable in later life.
The University of Colorado, for example, gets the bulk of its funding from out of state tuition which is almost as expensive as an Ivy. They are gradually turning the big state colleges into private schools.
http://www.ncsl.org/?tabid=23006
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