There was a story in today's NYT about a number of colleges that are lowering tuition, sometimes drastically. The argument is that they can do this without loss of revenue, since so few pay full tuition anyway. Thus, they are lowering tuition and cutting financial aid and making a splash vis a vis the current concern over high tuition.
The article makes a number of useful points: that colleges have done a terrible job at advertising how few people actually pay the official tuition amounts that sound so scary, or that there is a significant phenomenon of high tuition causing a perception of quality. But one obvious point goes utterly unmentioned in the NYT coverage: that cutting both tuition and aid hurts the most economically vulnerable and benefits the less vulnerable. (The NYT mentions that the college it most focuses on will retain mert-based scholarships, but fails to discuss the effects of cutting need-based.)
All of which leads me to float a suggestion for discussion - one that I once raised with our university president at a party, predictably being responded to with a chuckle and a raised eyebrow: let's raise tuition. A lot.
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