As discussed below, the Department believes the approach adopted in this final rule likely yields the most desirable outcomes including avoidance of
costly market disruptions, more compliance cost savings
than other alternatives, and reduced investor losses.
In the real world, even if everyone had the right to choose their schools, parents who are educated and financially well off are likely to be more motivated
than other parents, to have better information about their
alternatives, to have more resources at their disposal for getting their way, to have better social connections and more attractive opportunities, and to have children who are easier and less
costly to teach.