Let the College Price War Begin

Anonymous Coward writes "An article posted on cpnet.com describes a new site, eCollegebid.org, launched in September, which allows parents to bid the amount they wish to spend on one year of their child's collegiate education. Colleges, in return (having paid their $2000 fee), are then matched with these students' GPAs and test scores and can offer them admission, to which families have 30 days to respond .... priceline.com, eat your heart out."