alt Hacker News> Gosh, I hope colleges don't find out about this pricing strategy.
They've been doing it for years; it's called "financial aid". It is literally the textbook example of how to get people to pay different amounts for the same thing based on what they are willing or able to pay.
It's also why the recent shift in immigration policy has affected top-tier universities so much: domestic education is, by and large, subsidized by international students who are almost exclusively admitted on a need-aware basis, allowing the schools to ensure the financials work out on paper.
Now that there's been a huge drop in international applications, they need to make up the loss in revenue, so they're shifting those costs back to domestic applicants.
Replies
Provided the criteria are transparent and directly applicable I don't see the issue. I wouldn't object to a grocery store that offered standardized discounted rates if you applied with documentation of your financial situation. Whereas an opaque operation with the goal of maximizing the final bill on an individual basis using entirely arbitrary criteria is dystopian and clearly extremely consumer hostile.
I can hardly claim omniscience but my understanding is that by and large universities bin students into broad categories and apply a uniform rate schedule based on demonstrated financial need (plus academic performance in some limited cases), with international students generally billed at the highest rate.
> Now that there's been a huge drop in international applications, they need to make up the loss in revenue, so they're shifting those costs back to domestic applicants.
Or, gasp, cut bloat.
Yes, that's the joke. I think the parent post was sarcasm.