Barro illustrates exactly the kind of unholy binary critics of the current system of higher education would protest, from tents in parks or from the turrets of academia. Is only the 1% fit for studying liberal arts?
"The idea that attending Harvard is all about learning? Yeah. No one pays a quarter of a million dollars just to read Chaucer."
After a year in which the national student loan debt eclipsed national credit card debt, the call for the $10,000 degree, the question is: Will any school even decrease tuition?