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568 Presidents Group - Non Profit Universities - Would not doubt it

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  • 568 Presidents Group - Non Profit Universities - Would not doubt it

    The problem.
    https://www.chron.com/news/houston-t...t-16764478.php
    The group (not all)
    https://www.568group.org/home/?q=node/24

    Who would have thought that non-profits would avoid competition? Yes, just take out loans is the answer.
    This is symbolic of the problem of costs in college education.

    That child of yours could have been the subject of a bidding war. Steps taken to make you pay. Applicant by applicant.

  • #2
    i'm curious to see how this plays out.

    it's a great test case to expose how few principles some folks have:
    1. OTOH it's a free market baby! let the buyer beware
    2. OTOH a subset of the population just wants to see elite unis hurt

    will be interesting to see how quickly the sacred holy gospel that is (#1) will be utterly ignored in favor the schadenfreude that comes with (#2).
    it's almost like some folks aren't really serious about their big ideas?

    Comment


    • #3
      Originally posted by MPMD View Post
      1. OTOH it's a free market baby! let the buyer beware
      The lawsuit is literally accusing what should be a free market of being a colluding market outside the legally prescribed exemption.

      Comment


      • #4
        Price fixing in general benefits the seller, not the buyer. The cost of the raw materials (students) is a business decision. I simply didn’t realize it was student by student.

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        • #5
          There are not many students special enough to generate a bidding war between places like Yale and Cal Tech. They can easily fill their classes with outstanding students. There are very few truly brilliant kids coming out of high school each year. I saw an analysis from MIT years ago that pegged the annual number of superstar students at 300 nationally. This analysis said that those students overwhelmingly went to Harvard, with MIT getting the second largest share.
          At 300 per year, there are not going to be many bidding wars. And most colleges on that list of top schools would not be in the running with the MITs and Harvards anyway.

          The real bidding comes from good colleges, not at this level, that use enhanced aid packages to bring in students whose families will pay substantial tuition if attracted by a discount.

          A family that gets a kid into Princeton by paying for a building does not care about the tuition. That would be rounding error in the cost. They would get no financial aid and would not care.

          Sounds like an effort from some lawyers to get paid to go away.

          Comment


          • #6
            Originally posted by HanBZ View Post

            The lawsuit is literally accusing what should be a free market of being a colluding market outside the legally prescribed exemption.
            correct, and some those who are reflexively cheering against the unis are oddly on the side of government regulation only bc it harms an entity that they don't like.

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