To me, the biggest problem is that universities have hired huge administrative staffs that are largely unnecessary, and students are living in posh dorm apartme

To me, the biggest problem is that universities have hired huge administrative staffs that are largely unnecessary, and students are living in posh dorm apartments instead of the concrete block buildings back when I went to college. If student loans weren't so easily obtainable, universities would have to cut their administrative staff and become more efficient. As long as the money is flowing in, they have no incentive to do that.