The loans are the key to the whole mess. So long as the loan is guaranteed to all and non-dischargeable through bankruptcy, the cost will tend to rise to match the total expected lifetime earnings the education enables.
In short the loan system is transferring the benefits of the education away from the students and allowing the institutions to take it for themselves instead.
In short the loan system is transferring the benefits of the education away from the students and allowing the institutions to take it for themselves instead.