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Colleges have low admission rates. Students send out more applications. Colleges lower admission rates. Etc. What's the stable equilibrium here? It's a complic
by scarmig 13y ago
Colleges have low admission rates. Students send out more applications. Colleges lower admission rates. Etc.
What's the stable equilibrium here? It's a complicated matching problem that's driving up costs, stress, and randomness for everyone. Maybe something like how medical residencies are doled out?
The question is how to keep costs under control...
- rkuykendall-com 13y agoProbably a single app, or a few "single apps" for similar colleges. Texas has a single website for applying to all the public universities, and each application only requires the information you didn't supply in the previous applications. https://www.applytexas.org/ https://www.applytexas.org/
- guyzero 13y agoGiven that a 4-year degree costs from $40K to $100K with all the costs, it's pretty trivial to spend $1K on applications. And application fees are probably self-funding. I doubt there's any incentive for schools to try to limit the number of applicants.
- harvestmoon 13y agoDon't you mean from 0-$200,000? (It's even possible to make money from going to college, oddly enough. A college acquaintance of mine posted how she got more scholarships than school cost.)