In this episode, we discuss:
- Individual pricing, the most important factor contributing to the rise of tuition sticker price at private colleges and universities.
- The effect of economic surplus, market segmentation, and enrollment management in setting a price to extract the maximum amount of current and future wealth from a student and family.
- How the relative increase in wealth of the top 5-10% both here and abroad and the desire for prestige has led to an increased demand for the static number of seats at selective colleges allowing them to increase the tuition they charge.
Theme music credit: Sunshine by lemonmusicstudio via Pixabay.
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