That's backwards. College is expensive because demand is extremely high. Subsidies increase that demand by making college affordable for most, but the suggestion that the subsidies themselves are the problem is plain wrong. We wanted an educated workforce, we've got one. We can say we don't want one, but to blame our efforts to educate people as the problem with education is not productive. We either educate people or we don't. We increased demand on purpose (and we should have!). Of course prices are going to go up! Normally supply would expand to keep up, but something is rotten in education. Teachers get paid a pittance, there were several high profile accreditation frauds, and the natural inclination towards prestige as worth more than the actual diploma combine to seriously limit our ability to expand and mitigate prices.