You missed one. 4. The government for passing legislation making the discharge of student debt in bankruptcy nearly impossible. When people talk about the inf

You missed one. 4. The government for passing legislation making the discharge of student debt in bankruptcy nearly impossible. When people talk about the inflation of the cost of a university degree I never see as the number one cause for it being the no risk loans to people who have no money sense (17 year olds) that pour money into the system. Bankruptcy is a vital check valve on financial systems as well as an essential safety net to allow risk taking, even if that risk taking is pursuing a worthless degree. I was lucky, in that I knew I could only afford in state tuition at a university where I could live at home. I used to laugh at some of my high school peers who were going off to really expensive liberal arts colleges. I still think it was foolish for most of them, but now that I'm older I really hope the decisions didn't cripple them financially.