College's rising price could be as simple as transferring the economic surplus of the education, in terms of your future expected salary, to the institution. That literally happens through loans. For some people, as a great WSJ article noted, loans do work out.
That's all blowhards (not you) really mean by "high quality" anyway.
Nonetheless it is quite the puzzle, why there aren't more colleges.
Like Leon Black could afford, just by himself, to found not one, but five world class universities, instead of donating to Harvard, one for each of his children to be admitted to. And yet.
This was the way medical school quotas / exclusions for Jews were dealt with: new medical schools that didn't discriminate!
Maybe it's a little about money. Getting your kids a guaranteed Yale admit probably costs around $20m - then the legacy system can deal with the rest of your family. It's a lot more affordable than founding a school.
Still I don't think it's about money. There isn't some monopoly on schools or lack of spending. Historically, and in my personal belief, someone has to feel they stopped getting a fair deal from the system. Then there will be more schools.
That's all blowhards (not you) really mean by "high quality" anyway.
Nonetheless it is quite the puzzle, why there aren't more colleges.
Like Leon Black could afford, just by himself, to found not one, but five world class universities, instead of donating to Harvard, one for each of his children to be admitted to. And yet.
This was the way medical school quotas / exclusions for Jews were dealt with: new medical schools that didn't discriminate!
Maybe it's a little about money. Getting your kids a guaranteed Yale admit probably costs around $20m - then the legacy system can deal with the rest of your family. It's a lot more affordable than founding a school.
Still I don't think it's about money. There isn't some monopoly on schools or lack of spending. Historically, and in my personal belief, someone has to feel they stopped getting a fair deal from the system. Then there will be more schools.