<p>Thanks for the helpful information.</p>
<p>brownprof, I suspect the answer to your question regarding why UChicago and really all schools are aggresively raising their attendance costs is because they can.</p>
<p>It’s really the perfect combination of factors if you look at it as a business with students as consumers. Colleges have a product that is virtually an essential in today’s employment market and in very high demand especially with the more prestigious providers. At the same time, you have consumers (students) with no debt, an entire lifetime of earning potential and, because of the product you provided, likely better than average earning potential. Also, many loans to buy your product are government backed or subsidized and virtually all cannot be discharged by bankruptcy. And to boot, you have former custormers and other hangers on donating millions of dollars every year just to help you run your business.</p>