93K/yr? Yikes!

thegirl1
Fri, 19 Apr 2024 15:25:10 +0000

I’m curious to why the price tags keep rising.

Obviously, inflation (increasing cost in stuff like maintenance as well as having to subsequently increase salaries), but I also wonder if it’s because demand for UMiami has been increasing, and that demand is inelastic (people are still willing to pay — have to if they are a student — even with price increases, and so UMiami can raise costs and make far more profit). I think similarity with NYU.

But then, price tags have gone up in less selective and “prestigious” schools so that can’t be the sole explanation.