Per Shock Exchange:
Apparently there is a method to the madness of college tuitions. Colleges are spending millions in order to bribe the best students to enroll. It is the equivalent of Nike or Reebok-sponsored AAU teams handing out sneakers, backpacks, and iPods, and free trips to Vegas to entice the best players. By turning grassroots basketball into an arms race, they have weeded out the “old ball coach” who preaches discipline and fundamentals.
How long will it be before college too deteriorates from a sanctuary where students undergo rigorous training, to a cesspool of bribes? Or has it already? … It all begs the question – “Are elite colleges selling a quality education or something else?”