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here’s another thing to think about: - people want to go to name brand/Well known schools - The maximum number of schools that humans can remember in their b
by randyrand 7y ago
here’s another thing to think about:
- people want to go to name brand/Well known schools
- The maximum number of schools that humans can remember in their brain is largely fixed
- The population is increasing
- Schools largely Don’t increase their enrollment size due to space and notoriety concerns
you combine all the factors above and you should expect the price of top-tier schools go up dramatically with population size
- hkmurakami 7y agoAs a supporting data point, I looked up the stats. My “elite” undergrad institution increased enrollment by 14% in the last 15 years.
- kurthr 7y agoI don't think US population increased 14% in the last 15 years (even the world is barely 16%).
- eikenberry 7y agoBut it has not been only top-tier universities whose tuition has increased so dramatically, it has been nearly every university. The only ones that haven't skyrocketed in price have been community colleges.
- randyrand 7y agomany factors.