In a Free-market there are winners and losers. That would be one of the Cons to this approach, what about the very poor families that might not have enough monetary resources to send their children to a good school or to get one of the best teachers should the government get involved to solve this issue? The Government should provide a monetary voucher to assist the very poor.
What about if the only schools those poor families can get in to, due to cost, would be schools that are under-performing with lower tuition? This is where once again the government needs to step in, just like they have done with food production, the government should set up minimal expectations for a school to operate. Therefore providing a fair and just system, where the consumers, the students, are not taken advantage of and the producers can still operate with freedom.
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