I never realized how many other college student knife fanatics there were. Thought it was mostly an older crowd thing. Pretty cool :thumbup:
I'm surprised, too, but it's nice to see.
As to why higher end, I'd like to say that usually it's not something one does right away. In this thread & others that are similar (There's a current one about what price-point ceiling one has for knives they actually use, not collect), many start in a similar way (Myself included). Many start off getting a knife they can afford (Whatever price-point that might be), then get more & nicer knives, until, before you know, you're not really bothered that you're considering, say, a $200+ knife.
Economics obviously weighs in. With the economy as bad as it is & "most" people feeling it, people don't seem as willing to spend as much.
As to the OP's question & what one gets for their $200+ knife, I guess if one isn't a "knife nut", then there probably isn't a good reason. Like most things, people rarely get into a hobby starting off with high-end stuff (Unless they're wealthy, & even then, probably not initially).
If you have to ask, then it's probably not for you & no amount of "weighing" the pros & cons are going to change your mind.
OTOH, to a point, a higher end knife is going to be better designed, made, & less likely to break/fail. If you use your knife as tools, especially for work, that right there is reason enough to spend a little more. However, at what price-point is too expensive, is purely subjective.
When I buy a gun (Which I EDC & use for work), I don't try to get the cheapest one & that's the same line of thinking for a knife. However, I also don't buy the most expensive, nor necessarily the prettiest, either. It's whatever provides the features, performance, & reliability that I want/need (A good warranty/CS factors into that).