September 14, 2009
Interesting approach to college financing
See the story here
In exchange for access to the town's high school athletic fields and ownership of the soon-to-be-abandoned middle school, Finlandia University offers free tuition to all of the town's high school graduates who qualify for admission to Finlandia over the next twelve years.
However, Finlandia's offer apparently made no stipulation about new consumers entering the market by moving to Hancock, MI. It will be interesting to observe. Will positive transactions costs prevent a tragedy of the commons from developing?
Posted by Noel Campbell at 10:54 AM