As a student spends more time at one institution and matriculates to junior or senior standing, effort (financial and time resources) and risk (social, psychological, and nontransferable credits) of transferring to another institution increase. Upperclassmen may have a lower tuition elasticity coefficient than underclassmen, making them more tuition inelastic .
Doesn't being more tuition inelastic mean one is less likely to be affected by a tuition increase? Wouldn't the junior or Senior student be less likely to switch schools?