The University of Chicago’s Independent Student Newspaper since 1892

Chicago Maroon

The University of Chicago’s Independent Student Newspaper since 1892

Chicago Maroon

The University of Chicago’s Independent Student Newspaper since 1892

Chicago Maroon

Price discrimination vs. lower sticker prices for college tuition

While looking for papers at work today I stumbled on

While looking for papers at work today I stumbled on this study that looks at the real tuition paid vs. family income of students at Williams College, one of the colleges with the highest tuition-sticker prices in the country:

One usefully concrete number: the average student in the bottom twenty percent of the income distribution pays $1,683 while the full tuition is $32,470.

Now tell me, does it make more sense for no one to get money off (based on need) and for everyone to pay $10,000, like many state schools operate, or for private schools to price discriminate, providing an extremely expensive education at nearly everyone’s willingness-to-pay?More to the point, why is our private system of higher education more socialist/progressive than our publicly funded system?

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