Reply to WashPost: one US college closing per week

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t understand the schools that claim high tuition but absolutely none of their students pay that price.

Just reduce to the max rate, then give your scholarships from there.[/quote]

I can't find the article but I read one a while ago about a college that experimented with that and it didn't work out well.

High tuition has become a psychological indicator of quality. If your sticker price is significantly below your peers people think you're not as good. Same as lots of other products.

You'd need the market leaders to lead the way, e.g. if all the Ivies dropped their prices by $20k (they certainly don't need the money) then others could follow.

In the early 90s, Harvard's cost of attendance was about $20k. If it followed the general rate of inflation or should now cost about $50k[/quote]

Bridgewater college in VA slashed tuition by 60%.  I read an article when they did it but haven’t seen any update on how it has turned out.[/quote]

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