3 ms·
Colleges take a flat fee. If they worked for a percentage, then (a) they would probably try harder to increase the lifetime earnings of their students, and (b)
by pjscott 14y ago
Colleges take a flat fee. If they worked for a percentage, then (a) they would probably try harder to increase the lifetime earnings of their students, and (b) tuition would be de facto subsidized by the students who go on to earn the most money.
- danielweber 14y agoThere are serious efforts to move towards "income dependent repayment," sincerely intended by their advocates to help people. But solve for the equilibrium: colleges can now increase costs even more, and rely upon the state to collect their fees for them in perpetuity.