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Elite universities do have extremely low professor:student ratios. At Harvard it's 7. That does produce quite a difference – it's a level where 1:1 teaching ha
by matt4077 10y ago
Elite universities do have extremely low professor:student ratios. At Harvard it's 7. That does produce quite a difference – it's a level where 1:1 teaching happens fairly regularly.
Your analysis seems to rely on the price being a function of demand. I'm not sure if that holds, considering supply in this market is highly flexible.
- JamesBarney 10y agoThe supply of elite universities with national reputations is pretty dang inflexible. You can't open another MIT, Harvard, Yale, Columbia, etc... The supply of universities recognized at the state level is similarly fixed. In Texas all of the recognized state universities have been around for quite a while. For profit tech schools are probably pretty flexible but they don't really compete on price as much as advertising and ability to get their students loans.