Colleges Actually Less Selective Than 50 Years Ago

By Peter Baer on December 23, 2009 |

Interesting NY Times article explaining why this is true 90% of the time.  Caroline M. Hoxby, professor of economics at Stanford and director of the Economics of Education Program for the National Bureau of Economic Research, points out that while high school graduation rates are up, so too is the number of freshman seats on the market.  She acknowledges that this doesn’t apply to the most elite schools, but asserts that increased selectivity in these schools has nothing to do with a shortage of seats.  Our question is if supply is growing appreciably faster than demand, why are prices skyrocketing?

Posted in: Human Interest, Uncategorized | Tagged: college, college admissions, ny times, united states |

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