In a sense, you're not buying an education so much as the prestige of the institution that grants your degree, so it makes perfect sense that higher-priced univ

In a sense, you're not buying an education so much as the prestige of the institution that grants your degree, so it makes perfect sense that higher-priced universities are perceived as a superior 'product'. I'm sure most university presidents see it that way - hence the emphasis on research, rather than instruction.