Maintaining college’s role as a personal economics gatekeeper, keeping the poor and unprivileged away from the good jobs.
Administrators deciding that administration needs more money, causing incredible levels of administrative bloat.
To some degree, financial aid (both scholarships and subsidized loans) enables increased prices because it allows them to increase prices more without affecting demand as much as it otherwise would.
Is that why it’s 10s of thousands of dollars, or more?
Nah, that particular part of it is because of:
Maintaining college’s role as a personal economics gatekeeper, keeping the poor and unprivileged away from the good jobs.
Administrators deciding that administration needs more money, causing incredible levels of administrative bloat.
To some degree, financial aid (both scholarships and subsidized loans) enables increased prices because it allows them to increase prices more without affecting demand as much as it otherwise would.