I was speaking to the US situation, and agree most European schools are quite cheap in comparison. Not only in tuition, but in terms of their budgets; US schools spend 4-5X as much per student- so it isnt just about state funding.
Guessing those schools can't provide access to the exclusive social network you get by restricting admissions.
Guessing those schools can't provide access to the exclusive social network you get by restricting admissions.