While I agree with most of this article, I would add the effect of easy government money for student loans and grants.
http://www.nytimes.com/2015/04/05/opinion/sunday/the-real-reason-college-tuition-costs-so-much.html?WT.mc_id=2016-KWP-AUD_DEV&WT.mc_ev=click&ad-keywords=AUDDEVREMARK&kwp_0=87106&kwp_4=453362&kwp_1=254857
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