Re:My students have paid £9,000 and now they think they own me
by cardamomo on Friday December 18, 2015 @09:46AM
(#10758690)
In fact, this already happens for most primary and secondary education in the United States. Given the level of segregation in our cities and suburbs, massive inequalities in school funding, teacher training, and facilities essentially amount to an apartheid system of education. Families who can afford to move to better school districts or send their children to private schools often do.
What I am advocating here for is different system that actually allows students to purchase the level of education that they want. Ideally the cost would be based on how much work the teacher has to do to shove the knowledge into your head. If a student is struggling, then they can either choose to pay more to learn it, or drop out. The current system is not a market for knowledge at all. There is no continous supply curve for students to change pricing. There is a huge economic inefficiency here, and I am sure that the surplus is not being captured by the students.