There’s absolutely no pressure anymore on them to accept anyone but the wealthiest candidates anymore from across the world.
Not only will they make more money the exclusivity means they will be more desirable as well.
What a backwards idea from both the right and left perspective.
No, because:
(1) Their "best and brightest" branding requires at least the perception that top geniuses from families of modest means still get in.
(2) A perceived "You must be $THIS rich to enter" sign at the door - for anything, not just education - attracts a lot of negative reactions these days.
(3) They can feel a slippy slope under their feet. There's a lot of Federal money flowing into their coffers (both literally, and de facto), and no reason for Congress to stop at cutting off just their Federal student loan money.
> There’s absolutely no pressure anymore on them to accept anyone but the wealthiest candidates anymore from across the world.
What a strange statement. Are they under any such pressure today? (I assume you mean exogenous pressure). They already choose the students they want.
Removing the availability of assistance will change that pool of applicants, obviously.
In a functioning society, this would only be true if the education quality is actually superior.
As long as we continue to let these ivy league institutions gate-keep society, we'll be stuck in this system. Cutting out federal tax-payer money from these wildly overpriced institutions is a good first step.
I would tend to agree. It's usually my first response when someone says <insert community college here> isn't a good school.
I'm 100% for free higher education paid by the state. I'm 100% against the current college and school system.
It is absolutely infamous for the amount of fraud and corruption, as well as how far government employees will go to force their kids through the exam. In both senses - preparation, cheating, outright fraud.
Fraud horror stories: https://www.bbc.com/news/world-asia-china-53316895
Preparation horror stories: https://www.nytimes.com/2015/01/04/magazine/inside-a-chinese...
Cheating horror stories: https://time.com/4360968/china-gaokao-examination-university...
Having 5 different options in the private sector + a fallback (the state universities) seems a very desirable outcome compared to that, I must say.
It’s not a coïncidence that the education is damn good, too. A motivated student will be proximate to great minds in a way that is demonstrably productive.