<p>That’s really irrelevant to the point I’m making. If I had listed $1 million in cash and investments, that wouldn’t have made the cost at either the private or public universities any different. </p>
<p>The point of the exercise was to compare UC with private universities, whose tuition is set by the market. Both currently and under my proposal, even the wealthiest students receive a significant discount from the market price. Affordability is built-in to that market price, which is why I use it as a benchmark. If no one can afford a certain price, and therefore chooses not to pay it, the price will drop. </p>
<p>That said, you make good points on the major-based pricing issue. I’m not married to the idea; I just thought it was worth exploring. Based on what you’ve shown I agree that using the demand for a particular major as an element in determining the cost of tuition could not be practically implemented.</p>