Several years ago not as many people went to college. It was also cheaper too. Now more and more people are going to college and tuition just keeps increasing. Would college be cheaper if less people were going?
2007-01-07 12:30:41 · 7 answers · asked by Gemini Girl 4 in Education & Reference ➔ Higher Education (University +)
No -- if fewer people went to college, there would be fewer universities. But their expenses per student would remain about the same -- so tuition would not fall. This does not contradict the laws of supply and demand -- because supply would fall with demand. If supply fell more than demand (which would probably happen if people aren't continuing their educations) then tuitions might even be higher.
2007-01-07 12:40:37 · answer #1 · answered by Ranto 7 · 1⤊ 0⤋
Maybe, economics dictates if the demand were outstripping the supply that would be so. However, as demand rises, so do slots...I don't think people are being tuned down to go to college in general due to lack of slots.
Here's another trick: It has been shown that a college that significantly increases its tuition rate draws more applicants (even if it then give it all back to students as scholorships or other aid).
Why? People think that more expensive schools are better (which is definately not always the case). So some of it is a mental trick too.
Another though on history, a generation or two ago if people couldn't afford college they really couldn't afford it and didn't go. Now everyone has access to college through federal aid and loans. So the change in our culture giving students more access to money could also play a role in the increasing tuition.
2007-01-07 12:45:02 · answer #2 · answered by contemplating 5 · 0⤊ 0⤋
When you get to college, be sure to take a class in economics. Accounting and business would help, too.
No, it would not be cheaper - if anything, it would be more expensive. The reason is that a good education takes time and money and talent to deliver. It takes well-trained instructors and professors to teach a class. It takes good facilities, like buildings, labs, etc. to hold them. It takes equipment that is state of the art, too. Would you want your doctor to learn how to care for you using 50 year old text books? Would you want your mechanic to learn how to rebuild a carbureter, even though most cars have had fuel injection for the last 20 years?
2007-01-07 12:41:04 · answer #3 · answered by Ralfcoder 7 · 0⤊ 0⤋
No. It'd probably be more expensive. If less people went, they would have to charge their students more to keep up with operating costs. Several years ago, everything was cheaper, not just college. Inflation has caused prices to be higher, and increasing the cost of living.
2007-01-07 12:40:17 · answer #4 · answered by the Politics of Pikachu 7 · 1⤊ 0⤋
Most likely. But then one must add in the factors of getting more professors, buildings, and parking space.
2007-01-07 12:39:12 · answer #5 · answered by ShadowX 3 · 0⤊ 0⤋
According to the basic laws of supply and demand, yes.
2007-01-07 12:38:08 · answer #6 · answered by Kiss My Shaz 7 · 0⤊ 0⤋
yup they would make it cheaper so more people could afford to go.
2007-01-07 12:37:56 · answer #7 · answered by dang-duh! 2 · 0⤊ 0⤋