It's all business. It's not true that they can charge whatever they want--go too high and more kids will suck it up and take the painful commute into a really shitty part of Harlem to save the money. So they keep it just low enough so it's worth your while to stay here.bpolley0 wrote:See that is the PR version. I was thinking the opposite- it's a business move. They have guaranteed renters forever, they can charge below market rates so they have a comparative advantage (in fact they could theoretically charge whatever they want), and once they pay off the lease they have low fixed costs/ overhead. It's a win win for the university/ it's students but a loss to other renters.
Just my thoughts. Any time anyone says they are doing something to "help the community" or for some righteous cause I get skeptical.
As far as tution goes all that would need to happen is students refuse to borrow money then they would be forced to lower tution as the class rooms would be empty........... It isn't as if Universities have a monopoly over information......
Anyways enough commentary more medians.
Tuition, on the other hand, is not a market, and if you don't like it, they'll replace you with one of the literally thousands of kids who will pay sticker, which 57% of the school does. And as long as students will turn down, among who knows what else, $81k from Duke, or $90k from Northwestern, or $90k from Chicago or a Cornell full ride, it won't matter enough to make a difference.
ETA: And that's why my "class gift" to CLS will be a steaming dump in a box. Enjoy, you miserable pricks.
