If you were to log in, you'd be able to get more information on your fellow community member.
After digesting all the interesting comments, I am beginning to see the following points clearly:1) A student of the nth class can pay to attend a school of class n or get a full ride at a school of class n+1. This seems fair. The main problem which occurs: there are many more students than schools, so that there is a subset of students attending a 1st-class school like MIT who would actually qualify to attend a 0th class school except none exists; thus MIT unlike the 2nd-class, 3rd-class etc, schools faces no competition from above and can collude with the schools of its own class to charge full price. (The 2nd-class schools can't get away with colluding because they face competition from above; also there are too many of them.) The obvious solution is to create a small 0th-class school (maybe small enough that one of the many billionaires in this country could endow it once and for all with a few hundred million dollars so that it could...