The Cost Of Becoming A “Prestigious” University

“It seems to me that prestige only accrues to those at the very top—not top 20, more like top five—and when we’re talking prestige, we’re almost exclusively talking about private institutions. Unfortunately, the only way to survive in a culture that continues to turn away from education as a public good is to “compete,” and the only way we know how to compete is for “prestige.” But what is the cost on public institutions of chasing prestige?”