One question not asked here is whether it is fair or unfair for students to subsidize other students re tuition, esp. if some students/parents have to take out private loans to pay for it in the first place.
This places a double financial burden on them, i.e. not only paying for their child’s tuition (by the loan), but also paying for someone else’s child (who does not repay the loan).
Triple, actually. They also pay taxes. These schools are state-funded to a great degree.