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Re:Tuition costs have risen 710% since 1983 (1200% since 198... by usrusr on Monday July 10, 2023 @07:04PM (#36674215)
Then parents with money and pull in academic orgs will make sure that tuition will float just far enough above that limit that their children won't suffer from too much competition by the less fortunate.

But then on the other hand I'm not really convinced that this would actually be worse than the model of betting (or worse: bidding, it's a market with limited supply of high-status slots) seemingly unbounded amounts of future income on flying really high. And if they do fly high, just not quite high enough, it's effectively indentured service. No limits gambling is never a good idea, even if the game is not entirely devoid of an element of skill.

Re:Tuition costs have risen 710% since 1983 (1200% since 198... by musicale on Monday July 10, 2023 @07:22PM (#36674393)
> Then parents with money and pull in academic orgs will make sure that tuition will float just far enough above that limit that their children won't suffer from too much competition by the less fortunate

Universities do that already. "Need-based" financial aid ensures that the parental contribution is near the hardship threshold for low-income parents - tipping the scale toward those with greater ability to pay. And external scholarships are simply deducted from "financial need" and largely pocketed by the university (which usually prohibits the funds from being used to reduce the parental contribution.)

Isn't it wonderful to be in a business that requires customers to turn over their financial records and charges based on "ability to pay?"

Re:Tuition costs have risen 710% since 1983 (1200% since 198... by achenet on Tuesday July 11, 2023 @05:09AM (#36678290)
there's a very nice video I saw posted a while back where a graphic designer talks about how he'll charge different amounts for a logo for different customers - a small mom and pop shop will pay much less than a large multinational.

You price the customer, not the service.