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Assuming name brand schools could scale in an unlimited fashion and everyone could pay the tuition, we'd probably see major consolidation.

• deleted 4y ago
  [deleted]
• Simulacra 4y ago
  Well, I think about Harvards endowment, and that they could dramatically expand their acceptance rate and pay for everyone and still have many billions left over. There's still this exclusivity to higher education that I think is a big factor in keeping people out.
  • dublinben 4y ago
    The product that Harvard sells precisely is exclusivity, not a quality education. You can get that anywhere. If Harvard “dramatically expanded” their student body, they wouldn’t be Harvard any more. Most college students attend non-selective schools, which do broadly accept everyone who meets a minimum standard.
  • vel0city 4y ago
    Over half of Harvard's student body is on financial aid. Students from families making $85k or less pay 0% of their tuition. $85-150k are expected to pay 0-10% of their income. So if you're in a household that makes $150k/yr, your Harvard tuition is only $15k. From their website, "a lack of financial resources or need for financial aid are not impediments to your admission." If you can get into Harvard, you can afford it. https://college.harvard.edu/guides/financial-aid-fact-sheet https://college.harvard.edu/guides/financial-aid-fact-sheet