IF you compare just about any college campus today versus what it looked like 25 years ago you will find that almost all of the buildings are either new (less than tens years old) or recently renovated (which is actually more expensive a lot of cases, than a new building).
If you want a glimpse into why college cost so much look at the construction budgets.
Club Ed is now a resort business in disguise. That’s a large part of why the prices have gotten so high. The slutty women everywhere that a scholar would never marry are a feature, not a bug.