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PhilGoetz comments on Why are Harvard's alumni so wealthy? - Less Wrong Discussion

11 Post author: JonahSinick 15 March 2014 06:47PM

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Comment author: PhilGoetz 01 August 2015 01:21:28AM 0 points [-]

Private schools all have the same nominal tuition.

They didn't used to. The prices have become more similar. When I attended Loyola, it cost half as much as an elite college. Now it costs about the same. This is very strange, and I wonder what allows non-elite private colleges to charge so much now.

Anyway, I see his point was sort-of valid, because Berkeley has a much lower nominal tuition. It seems somehow I missed that on my first reading? But this is not especially helpful, because most states don't have state colleges with elite standing. All I can think of off-hand is Berkeley and U of Michigan. People from out-of-state must pay much higher tuitions, which are (last I checked, years ago) scaled to the school's status.