Yes, and no... If no student loans are available, affordability goes down followed by demand. The bottom feeder Universities get wiped out of the map first, bu

Yes, and no... If no student loans are available, affordability goes down followed by demand. The bottom feeder Universities get wiped out of the map first, but enrollment will fall across the board. If a critical mass of applicants exist to support a reduced University System, a new equilibrium point will be found, and education cost will be cheaper. However, if this is not the case, the only survivors will probably be a handful of Ivy League schools, who will actually raise tuition and cater to the children of the wealthy.