why the cost of college has skyrocketed in the past 20-30 years.
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Oh, and another thing. There’s a finite number of students a school can teach without
1.) Capital investment
2.) Reducing cost per student
If 1 million people want to go to a school and there’s .5 million seats, then you have to price .5 million people out of the market. If you introduce subsidies to enable that bottom .5 million to pay the higher price, you’ve just recreated the same problem. So, the price goes up even more back out of reach od those bottom .5 million.
Nothing changes, except for the people not receiving subsidy. They get screwed
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