Scott M. threw down the gauntlet at a capitalist model of higher education in the comments about how much Virginians should have to pay to attend a Virginia college. Join the conversation in this week’s Point / Counterpoint.
People making individual rational decisions to acquire more money see a university degree as the means to accomplishing that. These individual, rational decisions have lead to more applicants, more borrowing, and more competition for the money those new students bring. That increased competition encourages universities to build more attractions to bring in students. For example, Liberty “University” has a summertime ski hill.
It is precisely these market forces that have lead to higher prices at universities.
– Scott M.