On what basis can tuition fees be set? Let us count the ways.
The most obvious is “whatever the market will bear”. This is the way most goods and services are priced, and the system on the whole works pretty well. Private institutions around the world also work on this principle. So do public institutions in many places, at least where MBAs and international students are concerned (also out-of-state students in the US).
But other than that, public institutions are not permitted to charge … [ Read More ]