Originally Posted by dude
Well, that's because the schools are caught up in an arms race of their own. They're willing to pay for certain students from the endowment, because they'll raise the academic rankings of the school. For the rest, they have to gouge them so they can continue building new buildings, unnecessary amenities, etc., in order to compete in the recruiting race.

So basically, rankings is how college got ruined for everyone.

Yay competition.

Exactly. I don't think it's a coincidence that the cost of college began to skyrocket (per Bloomberg) just after the first College Rankings were published by US News and World Report in 1983.

Last edited by herenow; 06/03/13 08:36 PM.