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I'm sure it's not the sole factor, but universities in many other parts of the world are partially subsidised by the government.
its the opposite of that.
its that the unsecured 'loans' provided to ignorant kids for schooling are immune to be disgorged by bankruptcy. so they are abused by agencies providing the loans, and the schools who know those loans are forever financed.
its taking advantage of children, basically. but its a-ok, because profit.
Not really the opposite. We used to subsidize higher education. The non expungable debt was part of the "fix" for that issue that Reagan caused
We didn't used to fund to the tune of $70k per student though. Something just isn't adding up, but I have no idea what.
It's an older chart but I have no reason not to think the trend it shows has reversed since 2012. Colleges pivoted really hard in the past 30 years to offering a lot more than just classes and a dorm to attract students. Non-teaching positions have more than doubled since than 70s to handle all the "bloat and bullshit" (one of my professor's terms, a real old-school guy who hated modern academia) that that's come along since.
Throw in the fact that federally secured loans means that almost any 18 year old can sign off on whatever the sticker price without much thought and you get those kinds of costs for some students
Bloated administration took advantage of the guaranteed federal money that was the idiotic fix for exploding college prices after the public funding stopped. Which only made prices increase more
Agreed. The only two options right now are to either do away with federally secured loans (worse option) or nationalize all universities with efficiency overwatch programs in place (better), but what we have right now is the worst of both worlds w/r/t public-private higher education