These types of universities are not granted things like student loans, like the public universities are.
Are they doing it for profit? or because they can? Tuition at Yale, or ivy league is outrageous… but most of it IS the market.
Yes they are.
- Student loans inflate prices
- High demand for good schools
- A society which says that all students must go to college (a nation of pseudo-intellectuals)
- High schools pass everyone (in order to get additional funding)
Subsidies through students loans cause an increase in the demand for the factors of production needed in the educational business. Thus private schools have to pay higher prices for the same resources, in order to get them.
Furthermore, Yale, Ivy leage or Harvard university are also expensive because they’re the best universities in the country. Since they are of such good quality, there will always be a strong demand for such scarce universities.
What is actually good about Harvard and Yale? What is the advantage?
Reputation. That’s all.
That is my assumption. Jan Narveson, who got his PhD at Harvard, told me that Harvard is a good school. I said that I didn’t understand what the difference could be. Maybe the corridors are better decorated and the plants watered more frequently or something.
When I had AP classes in high school about everyone in the class was going to go off to a well known university, and I was going to community college (one of my teachers kept calling it grade 13 to discourage students). Yet, a lot of the owners of engineering firms in this area had the same teachers I have now. To me it doesn’t matter. The only difference I see is environmental. Going to a larger classroom, living in a dorm, bigger school itself.
The super secret politically incorrect truth that nobody wants to admit: The student makes the education, not the school.
The student makes the education, the school makes the debt.
Simple. It is not profitable to compete with the government. Since government handles education of poor people so private schools handle the education of rich people.
Government schools in the Philippines are hot, overcrowded and unsanitary. Yet you can see international schools and private schools flourish. That’s because they only serve the middle to upper classes. There is no conflict since they’re not competing with government schools for the children of the poor.
What do you mean they are not granted student loans? I think most students who attend expensive “private universities” wouldn’t attend unless they were able to get student loans or some other sort of financial aid..
Makez me lol.
Your degree says you went to a very well known and prestigious school. It’s accreditation of the highest order. Certainly worth the price to some people.
Well, admittedly, I would choose Yale over UCSD or SDSU any day; but, I think I’d prefer Princeton, since I’d get to piss Krugman off.
I would probably choose Harvard although I don’t think I’d be able to handle the workload tbh.
But I get what you’re saying, there’s almost certainly a quality difference.
Its the name that matters. You get a lot of more work.. but I don’t understand the purpose of it, is it supposed to educate you better and make you more smart then everyone who went to regular Colleges?
Reputation and networking.
It’s all about who you know.
Wealthy families and royalty from abroad send their kids to prestigious schools because they know they’ll interact with similar people and develop important connections.
- Better researchers
- Better teachers
- Better facilities
- Brighter students
Yeah, you get to hear Mankiw lecture about the magical and stimulative wonders of negative interest rates.
Not really. My friend is an economics major at Columbia, and he doesn’t get anymore work than I do. We both use the same textbooks, learn about the same material, ect.