It appears that colleges have raised their tuition and fees over the years, far over and above their own costs of doing business. And they do this because they know that loans are paying the bulk of the bill.
How many students go to another college because of tuition increases? I bet the vast majority of students who need aid simply take out more loans to cover the increases.
And we could have a huge discussion about whether college is worth it, from the standpoint of the liberal indoctrination students receive. Some fields, such as the hard sciences or business, are not so politicized. But so many subjects in college, such as sociology, the humanities, history, literature, students are being fed liberal clap trap. And paying tens of thousands of dollars per year to be fed the liberal clap trap.
Hold the cards, folks. We have a bingo. The colleges and universities raised their rates far above inflationary increases. Over a twenty year period, tuition is doubled and tripled. Then these fine institutions spend every dime they get and turn around and cry "We are poor". Scoundrels!
Recently, a local university associate professor got in trouble with the law and the news article stated that he made $101,000 per year. An associate professor nonetheless! Is he that doggone good to receive such a salary? And no this is a long way away from New York City.
And it's not just loans. The grants that allow "underprivileged" students to go to school for "free" and are paid for by the taxpayer keep increasing to cover rising tuition