> I think both parties are right. The cost of a university education has skyrocketed, which I believe is due to bloated administration. I think you're mistakin

> I think both parties are right. The cost of a university education has skyrocketed, which I believe is due to bloated administration. I think you're mistaking the how for the why. Prices raise as long as customers tolerate it, often for lack of competition — e.g. the low number of prestigious universities to land a good job. They raise costs through bloated administration, but if customers simply stopped paying, they would be forced to become more efficient and spend less on that. In fact, giving students more options to pay tuition over time indirectly increases prices, since they become capable of paying more — hence taking more debt — than they would otherwise.