<p>
Very true. And like housing and healthcare, an incredibly complicated multi-tiered pricing system results, with very little connection to actual costs. It’s enough to make a Libertarian cry. Even Baby Jesus is crying.</p>
<p>The recent Harvard & Yale announcements, directed at the full pay middle class, are market responses. Whether it is truth or perception, elite schools have come to the realization that top middle class students are gong elsewhere. They want these kids back, and these actions should do the trick. Was it the psychological trigger of reaching the $50K mark that sobered everyone up?</p>