<p>It works if Swat charges more than $20,000+.
The new students are going to have to be full payers. This might be unacceptable.
If Swat can break even by adding new students, there should be a payoff down the road with increases in alumni giving.</p>
<p>I’m not saying this is the way SWAT should go, but a school like Rice may be able to expand and not hurt the school. Some of the reasons why are mentioned by you above.</p>