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A Problem of Fit How the Complexity of College Pricing Hurts Students–and Universities
Free Download Phillip B. Levine, "A Problem of Fit: How the Complexity of College Pricing Hurts Students-and Universities"English | ISBN: 0226818551 | 2022 | 200 pages | PDF | 2 MB
A critical examination of the complex system of college pricing-how it works, how it fails, and how fixing it can help both students and universities.
How much does it cost to attend college in the United States today? The answer is more complex than many realize. College websites advertise a sticker price, but uncovering the actual price-the one after incorporating financial aid-can be difficult for students and families. This inherent uncertainty leads some students to forgo applying to colleges that would be the best fit for them, or even not attend college at all. The result is that millions of promising young people may lose out on one of society's greatest opportunities for social mobility. Colleges suffer too, losing prospective students and seeing lower enrollments and less socioeconomic diversity. If markets require prices to function well, then the American higher-education system-rife as it is with ambiguity in its pricing-amounts to a market failure.
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