Sort of. The cost of higher-education skyrocketed when the government got involved in the student loan business. It became easy to get loans for higher-education and then tuition skyrocketed with the suddenly available capital.
There other contributing factors as well; for example, the rise of the ridiculous requirement to have a college degree to get anything close to a decent job these days has created tremendous demand for degrees and allowed colleges and universities to raise tuition into the stratosphere.
There other contributing factors as well; for example, the rise of the ridiculous requirement to have a college degree to get anything close to a decent job these days has created tremendous demand for degrees and allowed colleges and universities to raise tuition into the stratosphere.