The main reason is Gov’t backed guaranteed student loans.
Of course when you have more demand, and deeper pockets, (students with money, ie, easy gov’t money) you are going to have more rising prices on the supply end.
Same reason why health care costs go up, too.
College costs so much because the number of programs has increased dramatically over the last 40 years.
Now you have womens studies, black studies, black womens studies, gay studies, black womens gay studies.. etc.
That means you have to hire professors. That means you have to hire admin.
This crap adds millions to school budgets.
I looked to see if someone posted this before I posted it myself. You are correct.
Correct. The "Student Loan" racket simply subsidizes spiraling tuition costs while at the same time ensuring that Universities graduate class after class of new debt-slaves. Graduating with a Bachelor's degree and a mortgage benefits nobody except those who package the paper and the overpriced "product" it finances.