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College and University Discussion
Reply to "schools w/ no merit aid"
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[quote=Anonymous]The price is high, and not discounted, at elite schools simply because enough people will pay that much. Places like Harvard have a big enough endowment that they don't need to charge tuition to anyone and yet they do. They've learned they can keep raising the price and still have an abundance of applicants so why would they stop raising the price. Private schools further down the rankings publish a high list price because in the world of education a lot of people equate price with quality (because the top ranked schools are also expensive, even though there is no need for them to be). But then they discount on average by 50%.[/quote]
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