"what else is a college going to do?" Competitive bidding instead of fixed cost tuition. This is what they already select for anyway, this would just be more

"what else is a college going to do?" Competitive bidding instead of fixed cost tuition. This is what they already select for anyway, this would just be more honest and fair about it. Nobody seems offended that tuition cost seems to have no relationship with prof/TA salaries, facilities, future income... so removing the charade and opening for bidding seems the most fair. I suspect the end result is freshie year at MIT will be like $5M to buy a spot, but sophomore year transfer students will probably only have to bid $5K once the less talented flunk out. I pity the instructors trying to teach the wash-out classes. The tests will still exist but for classroom placement, someone belonging in remedial algebra will not be allowed into calculus without passing algebra, geometry, trig, first.