<p>This article is dreadful in so many ways. What will doom many LACs is the lack of economies of scale, not ideology. At a top LAC, the average cost per student is over $80,000. Even full-payers are being subsidized to the tune of $25,000 per year. This is fine if your endowment is $1 million per student.
Multiple members of the Forbes family attended Princeton, and one of the dorms is named Forbes College after Malcolm S. Forbes Jr. (Steve). </p>