The Market Imperative by Robert Zemsky & Susan Shaman

Author:Robert Zemsky & Susan Shaman [Zemsky, Robert & Shaman, Susan]
Language: eng
Format: epub

Figure 5.2. Average statewide market prices for Four-Year Public and Four-Year Private Not-for-Profit institutions

In a bicoastal nation, in which the edges are culturally as well as economically and ethnically different from the nation’s heartland, it should not be surprising that New England and the Middle Atlantic states, along with the West Coast, have noticeably higher average market prices—particularly in the Private sector. Besides Rhode Island, Connecticut (with institutions such as Yale and Wesleyan Universities), California (with the likes of Stanford University, the University of Southern California, the California Institute of Technology, and Pomona College), and Massachusetts (including Harvard University, the Massachusetts Institute of Technology, Tufts University, Boston University, and Boston College) claim the highest market prices in the Private sector.

The second finding is that there is great variance among states in the gap between the average Four-Year Public and Four-Year Private Not-for-Profit prices. Figure 5.2 reflects both the geographic distribution of high-priced Medallion institutions and the ability of some state cultures to hold down the price of a college education. California is perhaps the best example: its private institutions have among the highest average market prices, while its Public colleges and universities fall below the national median.

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