Tuition Costs

"I am convinced that most private universities have priced themselves out of normal existence. They make the mistake of looking at what Harvard, Yale, or Princeton may do. ... They forget, however, that these prestige institutions have colossal endowments -- colossal."

"Three things happen when tuition at most private colleges gets too high: first, the student goes to a public institution where the tuition is nothing or very little; second, he may increase his work load to the point where he defeats the very purpose of going to college; third, he may drop out."