- #106
JaredJames
- 2,818
- 22
Mech_Engineer said:First, we're still talking about getting a degree from an accredited university, which means a better job than out of high-school. Even so, there are student loans if you want to go that route, in addition to the fact that private universities will also offer scholarships to the best and brightest students to keep their academic ratings up. Such scholarships are based on academic achievement, so a "less well off" person can get in.
This isn't the US, the scholarships here are few and far between and virtually impossible to get. I believe my university only has a few - with around 10,000+ students.
There's also a point of diminishing returns for students. You could pay $50k to get a degree in a top-20 rated state school, or $150k for an ivy-league; but the education in the ivy-league certainly wouldn't be 3 times better (and tons of companies will display interest in a person with a 3.5-4.0 GPA from the top-20 school).
As I stated previously, you'd be surprised at what a degree from a top UK uni can do for you. The moment people see Oxford or Cambridge in particular you are considered 'the best' even if you are utter crap.
Student choice forces universieites to compete against each other to attract students; this competition keeps the system in check. If all universities cost the same, there's no need for innovation, and no room to work with for attracting teahcers or building facilities...
On the contrary, if they all cost the same then they need to work harder to attract students. If unis charge different rates, cost then becomes a factor in the decision. If they all cost the same, you truly have the choice of any university, and can do so on the grounds of how the university standards are for your choice of course and only merit determines your entry.