Tiering Colleges Based on Cost

[DadOfJerseyGirl]

@blossom

We were full pay. We knew we were full pay. There was a long and robust list of schools suggested by the guidance counselor that we vetoed- not paying full freight for a private college when there were public alternatives (both our own state flagship and a neighboring one) that had equal or better resources, academic rigor, etc.

Totally agree!

Not every high priced school is worth it.

@AustenNut

They’d rather pay $30k for a school with a higher sticker price for tuition than to attend a school that just admits that tuition costs $30k, because it’s “worth” more.

Yes

In behavioral economics this is called the price-quality inference, and businesses (including colleges) know how to leverage this.