cristo said:
That's entirely incorrect. There are no private universities here: all universities are 'state' universities.
Ok, not a good thing in my humble opinion. Sounds like a monopoly in which there is no competitive incentive to innovate and perform...
cristo said:
The problem with education comes exactly when you try and run it like a business. At the moment, it costs the same amount of money to attend any university.
So you get in based on academic merit alone, fine. You have to have some excellent grades to get into an ivy-league in the US too.
cristo said:
If you start thinking business-like,
This isn't a bad thing...
cristo said:
then you might say that the 'better' universities would cost more, which means that they will increase their fees, making them utterly unattainable to all but the rich.
The cost of a university will be driven by both supply and demand. If a particular university wants to attract the best teachers and have the best facilities (to in turn attract the best students), they will need to offer incentives such as better salaries. There is a trade-off though, because as they charge more less students will be able to attend. So they can't just charge whatever they want- there is an optimum.
cristo said:
Then, the less well off are stuck with the worse universities, earn less and therefore their children go to worse universities, etc..
First, we're still talking about getting a degree from an accredited university, which means a better job than out of high-school. Even so, there are student loans if you want to go that route, in addition to the fact that private universities will also offer scholarships to the best and brightest students to keep their academic ratings up. Such scholarships are based on academic achievement, so a "less well off" person can get in.
There's also a point of diminishing returns for students. You could pay $50k to get a degree in a top-20 rated state school, or $150k for an ivy-league; but the education in the ivy-league certainly wouldn't be 3 times better (and tons of companies will display interest in a person with a 3.5-4.0 GPA from the top-20 school).
Student choice forces universieites to compete against each other to attract students; this competition keeps the system in check. If all universities cost the same, there's no need for innovation, and no room to work with for attracting teahcers or building facilities...
cristo said:
That is why the cap exists, to force all universities to charge the same, and therefore allow people other than the well off a choice of university.
In the UK it could be choices are so severely limited that I'm not getting it... In the US choices are plentiful for any student quality and income bracket- and hard work pays off as a good job out of school regardless of tuition.