The Wednesday Briefs 165 - 26 April 2023

THIS WEEK: Tuition Arbitrage; Tesla or Not; Blue Check Wars; 2024 Presidential Race; The Whisperer; S&P Sectors Update.

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TUITION ARBITRAGE

A US college student is presented with two options: she can spend $30,000 to $80,000 per year obtaining a degree at a US college that may or may not be a big brand name; or she can spend a much smaller sum obtaining a degree at a non-US college and also pick up a language or two and some valuable international living experience along the way. As tuition in the United States has risen much faster than inflation (see chart from the American Enterprise Institute) and admissions to top-name schools have become more reserved for a few groups based on legacy and identity, the foreign proposition is getting more attention from many applicants and their parents.

According to a recent US survey conducted by the College Board and relayed by CNBC, "tuition and fees plus room and board for students at four-year private col…