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Total cost not that long ago (aid or not) was lower than the after-aid cost in your last sentence. What you're suggesting is to go the way of medical billing,
by pishpash 4y ago
Total cost not that long ago (aid or not) was lower than the after-aid cost in your last sentence.
What you're suggesting is to go the way of medical billing, total lack of billing transparency and fake chargemaster numbers disconnected from supply and demand just so that it can be negotiated down (if you have enough leverage).
- etempleton 4y agoTuition costs were lower a decade ago but so was overhead. What the tuition cost is telling you is how much it costs the University to educate a single person and create the BU experience, whatever you may think for that. That dollar amount is not made up. And that money is coming from somewhere. It is either coming directly from the students or endowment. And it is based on your family’s income. It is not a negotiation. It is automatic and based on a standard chart. The less you make the less you pay. Pretty straightforward.
- pishpash 4y agoIt doesn't matter what it costs the University to educate a person. The market dictates that the BU experience should cost exactly as much as it makes the BU experience just barely worthwhile, and almost not, for the increase in human capital in the enrollee. The piece of paper that says BU is apparently worth about $320k, which isn't entirely unbelievable. I bet it costs BU a lot less, but since the market pays that much, it can spend it on whatever and call it overhead, because why the heck not.