Sellers of education should raise their prices on rich dumb students a lot and also lower their tuition prices for smart poor students a lot. More poor smart students will get into college, the college will make more tuition off the rich students, and everybody wins. What you want to do is subsidize poor smart students while raising the prices on dumber richer students. Then the school makes more money. See how that works? for example.
Tuition price is [$50,000/year] or discount tuition price is [$3,000/year + 1⁄10 of your families yearly income].
in the case you’re family income is $100,000/yr then you, the student, would pay $13,000/year tuition in the case your family income is $400,000/yr then you the student would pay $43,000/year tuition in the case your family income is $500,000/yr then you the student would pay $53,000/year tuition in the case your family income is $20,000/yr then you the student would pay $5,000/year tuition in the case your family income is $1,000,000/yr then you the student would pay $103,000/year tuition in the case your family income is $00/yr then you the student would pay $3,000/year tuition
So what this price system does is make more profit for the school and lower prices for poor students at the same time. BUT wait, what do we do about the over production of tulips, or degree’s? Well now that we have a price system that’s fair we can just let the school raise prices.
What if tuition price were $200,000/year or discount tuition price of $300/year + 1⁄5 of your families income? For rich people the price of 1⁄5 of the family income is higher than 1⁄10 of the family income in the previous example. AND the fixed price part has decreased from $3000, to $300 per year. So this second price system, the poor are actually encouraged to become smarter at even lower costs while the rich are charged even higher prices for the same education. The result is eventually prices stabilize and there is no over supply problem? hmm. .
Maybe not. I’m not sure my idea would work 100% but thanks for writing the article and sharing with me so I could read and think about what you wrote too.
Sellers of education should raise their prices on rich dumb students a lot and also lower their tuition prices for smart poor students a lot. More poor smart students will get into college, the college will make more tuition off the rich students, and everybody wins. What you want to do is subsidize poor smart students while raising the prices on dumber richer students. Then the school makes more money. See how that works? for example.
Tuition price is [$50,000/year] or discount tuition price is [$3,000/year + 1⁄10 of your families yearly income].
in the case you’re family income is $100,000/yr then you, the student, would pay $13,000/year tuition
in the case your family income is $400,000/yr then you the student would pay $43,000/year tuition
in the case your family income is $500,000/yr then you the student would pay $53,000/year tuition
in the case your family income is $20,000/yr then you the student would pay $5,000/year tuition
in the case your family income is $1,000,000/yr then you the student would pay $103,000/year tuition
in the case your family income is $00/yr then you the student would pay $3,000/year tuition
So what this price system does is make more profit for the school and lower prices for poor students at the same time. BUT wait, what do we do about the over production of tulips, or degree’s? Well now that we have a price system that’s fair we can just let the school raise prices.
What if tuition price were $200,000/year or discount tuition price of $300/year + 1⁄5 of your families income? For rich people the price of 1⁄5 of the family income is higher than 1⁄10 of the family income in the previous example. AND the fixed price part has decreased from $3000, to $300 per year. So this second price system, the poor are actually encouraged to become smarter at even lower costs while the rich are charged even higher prices for the same education. The result is eventually prices stabilize and there is no over supply problem? hmm. .
Maybe not. I’m not sure my idea would work 100% but thanks for writing the article and sharing with me so I could read and think about what you wrote too.