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A number of things have lead to this.

* Student loans detaching cost from time of service, similar to insurance and medicine

* Diminishing support for public colleges. In California UC and CSU schools were essentially free to Cal redidents until mid 60s.

* Metastatic administrations, partly for compliance and partly because the money is there. It sure isn't going to faculty.

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Take a look at overhead costs as a percentage of the total budget for universities. You'll see that administrative costs have ballooned, while the size of faculty and student bodies have remained relatively constant. That certainly was the case at my university. Here's another article about the issue: https://www.forbes.com/sites/carolinesimon/2017/09/05/bureau...

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