Shining (a little) Light on Net Price
I must admit, I got a little excited when I (virtually) opened the Chronicle this morning and saw that the Department of Education had published its own personal scarlet letter list of the colleges and universities charging the highest net price. Finally, the government did what government can do best-- draw our attention to important national trends that make our local (personal) problems into national (public) ones. I was also psyched about the list because it's another step towards helping change the deeply entrenched public perception that the sticker price listed by colleges is the actual price people pay. It's not-- since almost everyone get some kind of discount-- but that fact is so little known that some of us are pretty convinced that sticker shock exerts effects on the decisions made by families with little information. But as I read about this list, I deflated. First of all, it's clearly obtuse. It's got 54 lists made up of 6 variables and 9 sectors. 54...