Universities have to pay "competitive salaries to retain" professors who are in demand elsewhere, says The Cavalier Daily of the University of Virginia. The "market value" of business, engineering, and nursing professors is higher than that of other disciplines, and it makes sense for those programs to be more expensive.
But what happens to students who can only afford a degree in a cheaper field? Should public universities set prices according to the laws of supply and demand? Or will higher tuition for, say, engineers only discourage students from becoming the workers we will need in the future? Link
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