Ric Edelman

They can't even afford food.

If you can't afford food, what on earth are you doing there?

So they've got to do a better job of evaluating, are you right for this campus?

Why are so many schools offering remedial classes in English and math?

Isn't that a way of saying you're not ready to be here?

Yeah.

And that's kind of the problem.

So they're happy to accept you.

And then there's the cartel issue where so many schools will say, oh, we're going to charge you an in-state student rate if you're a state school, and we'll charge you a higher out-of-state rate.

Well, guess what?

They're going to go after the out-of-state student where they get higher tuition revenue.

So all we end up having are students going to different states because they can't get admitted into their home state, forcing all these students to spend more than they otherwise should because of the game the schools are playing to maximize their tuition revenue.

And we're also turning things.

And I'll give you another example.

You're absolutely right.

A lot of schools are now offering free tuition.

And some of the elites, Brown, Harvard, Yale, MIT, and others, if you're earning under $100,000 a year, tuition, room, and board are free.

Under $200,000 a year for the family, tuition is free.

This is all wonderful.

And it's another illustration that over the next 20 years, college will probably be free for everybody everywhere, just like K-12 is.