This can be directly attributable to shoveling student loans to people who were totally unqualified to go to college.
The low-information types borrowed whatever the college said they needed. Since the money came so easily, colleges could jack up rates and students would just borrow more.
Think of the tens of thousands of Liberal college professors teaching meaningless courses whose paychecks came from those exploited students.
The college tuition bubble must burst. When it does, only people who are qualified to go to college will go, and they won't be paying for professors teaching meaningless courses.
It's going to be sweet to see professors of vagina dialogue studies forced to find real jobs.
I actually believe that it began with the free government PELL grants. That led the charge by allowing the universities to jack up their rates. The middle class kids then took out the student loans because they could no longer afford it and didn’t qualify for the trough.
Had the student loans not been so readily available, that would’ve helped put the brakes on the whole mess a long time ago as students simply refused to feed the pig. As it is, the loans added gasoline to the raging fire.