This post almost makes me feel sorry for a university that has an $800 million endowment and charges $70K tuition per year. Almost. The argument is that if the school falls even 2.8 percent short on enrollments, it leads to a $5 million budget gap. Lowering prices or lowering spending threaten the school's prestige status. And it depends on being a prestige institution, because students aren't attracted by the prospect of a big paycheque; "the median Oberlin student earns $2,864 a year more than the median high school grad." Oh what will Oberlin do?
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