This is always my question - also, remember that colleges and universities are moving more and more classes to adjunct professors (i.e. contractors without any tenure track), further reducing their costs.

Why is it that education has been able to steadily increase their costs 7-8% per year forever? I get it when people say that the loans enable this - but my question is, like yours, "where is the money going?"

I'd love to see a reporter do a complete audit of 10-20 educational institutions over a period of, say 5 years, to understand what the money is covering.