Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Or, they might pull a Princeton (credit Oxbridge) and require a sample of graded, written work. More requirements for interviews via FaceTime or Skype.
This is what many of the schools that are test optional at present do.
Spots are prestige colleges are limited. Perhaps the best way to allocate them is to use a market approach. Auction off the seats, using the Dutch auction procedure. For an Ivy, you could start the auction out at, say, $100K/year total cost of attendance, with an inflation escalator for subsequent years. See how many seats attract bidders. Then, offer seats at $95K; then at $90K, and so on, until the seats are sold out.
Schools of lesser perceived prestige would start their auctions at lower prices.
This way, schools maximize revenue, and students are, in effect, evaluated on an objective, rather than a phony holistic (i.e., anti-Asian) basis.
Under this system there will be some schools for which there are no bidders; these schools will fold, and they should.
Other schools will have to price themselves more realistically. Inflated sticker prices will become a thing of the past.
And, if worthy but demonstrably poor students need vouchers, it may be deemed advisable for state or the federal gov't to provide them. But the vouchers would be valued reasonably. The elite schools won't necessarily want to take voucher kids if they can auction their seats at higher prices, but many schools will want the voucher kids. Just like some landlords will accept Section 8 rent vouchers.
This system will allocate educational resources in a more efficient and sane manner.
Fewer people will be going to college, and that's as it should be. And fewer schools will be financially viable, and will have to close. This too is as it should be.