> The Problem for Poor Students Is Low Financial Aid, Not High Tuition
Doing the sums after the fact discards the influences on the person making the decision at the time. If you're able to take up the place and eligible for financial aid, you need to be very sure that the level of aid won't decrease (or associated costs increase) over that period.
The level of confidence a student with an income of $10k can have that ($101k - $100k) dollars is affordable to them (and will remain so over 3 years) is lower than whether ($11k - $10k) is affordable. Basically, they've got less slack to pick things up if there is an error or alteration.
Prediction: I think a price hike (with a financial aid hike) would result in a decrease in the likelihood of someone reliant on the aid taking up the place.
Doing the sums after the fact discards the influences on the person making the decision at the time. If you're able to take up the place and eligible for financial aid, you need to be very sure that the level of aid won't decrease (or associated costs increase) over that period.
The level of confidence a student with an income of $10k can have that ($101k - $100k) dollars is affordable to them (and will remain so over 3 years) is lower than whether ($11k - $10k) is affordable. Basically, they've got less slack to pick things up if there is an error or alteration.
Prediction: I think a price hike (with a financial aid hike) would result in a decrease in the likelihood of someone reliant on the aid taking up the place.