Well, first of all, he is a player not the GM.
Regardless of what the rules may or may not say, if you as a GM make a house rule or ruling that sorcery costs the full amount then that's what it costs. If he argues, then put your foot down and explain:
1. That you are the GM
2. That 1 point sorcery spells are obviously ridiculous
3. That there are 100 NPC sorcerers to every PC sorcerer and you could make things very nasty if you wanted to
4. That you are the GM
Regardless of what the rules may or may not say, if you as a GM make a house rule or ruling that sorcery costs the full amount then that's what it costs. If he argues, then put your foot down and explain:
1. That you are the GM
2. That 1 point sorcery spells are obviously ridiculous
3. That there are 100 NPC sorcerers to every PC sorcerer and you could make things very nasty if you wanted to
4. That you are the GM