Dive Summary:
- Writing for Forbes, University of Georgia economics professor Jeffrey Dorfman argues that despite all the headlines about high college tuition, most colleges are still underpriced from an economics perspective.
- He says the scramble to enter selective schools indicates high demand, and asks why colleges wouldn't increase prices when they have so many prospective students.
- Dorfman also writes that the sticker price is not what most students pay for their education, after financial aid is taken into account, and that those with the ability to pay more are often the ones paying the higher costs.
From the article:
... When President Obama and other critics of college costs complain about sky-high tuition, they are either misleading people or do not understand the difference between the full list price and the average net price. After all, the only people paying the high prices for colleges are the “rich” people who the very same critics believe in taxing so highly. ...
