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They might apply, but certainly won't attend if they are admitted to Stanford, Yale, etc. The higher the price differential, the more likely people would be wil
by finolex1 3y ago
They might apply, but certainly won't attend if they are admitted to Stanford, Yale, etc. The higher the price differential, the more likely people would be willing to take a 'prestige' hit and go to the lower cost school.
Anyone applying from a family making 400k a year (top 2%) would still be sensitive to an 80k vs 240k/year sticker price change.
- TuringNYC 3y agoOperation Varsity Blues (https://en.wikipedia.org/wiki/Varsity_Blues_scandal https://en.wikipedia.org/wiki/Varsity_Blues_scandal) suggests there are plenty of individuals willing to pay plenty more. Some would even break the law and risk prison. If it were legal, probably many more would pay. There are just the people who got caught!
- pquki4 3y agoHypothetically -- what if Stanford and Yale etc also triple their tuition at the same time?
- lukas099 3y agoThen some people would turn to schools 4-6.