General Discussion
In reply to the discussion: I'm actually in shock about how much negativity there is coming from democrats about [View all]ProfessorGAC
(77,101 posts)Supply & demand theory should not apply to not for profit organizations.
"What the market will bear" is a construct related to maximizing profit. While you may be correct about this, that doesn't let the colleges off the hook for following an economic model that should not apply.
I agree on the failure of some students to not better explore earning potential when choosing a school, and insufficient exploration of lower cost options. (Does one really need to go to Vanderbilt or Northwestern to become a history teacher, for instance.)
All that said, it's doubtful you or I had to explore the cost/return model when we entered school. (Unless you're much younger than me.)
I honestly didn't know what a lab chemist made until I got my internship my last semester. But, I wasn't borrowing money, let alone huge sums of it, to get through school.
So, I'm still not letting colleges off the hook for rampant tuition inflation.