Tuition increases are constantly in the news these days. Private colleges have become incredibly expensive (as I know personally, with a daughter currently attending one). Public colleges also have been raising tuition sharply in many cases, mostly to offset cuts in the funds they receive from state budgets. Yet, by the standards of the economic marketplace most colleges are still underpriced.
Harvard University accepted only 5.8 percent of over 35,000 applicants this year. Stanford only admitted 5.7 percent of their nearly 39,000 applicants. The University of Southern California only accepted 19.7 percent of their over 47,000 applicants, while Georgetown University let in 16.6 percent of their 20,000.

Read the rest of the article on Forbes here.

 Op/Ed piece by: Jeffrey Dorfman, Contributor