There is little/no price pressure on universities. * Many/most loads are backed by the government. * Government doesn't put any restrictions on the amount of

There is little/no price pressure on universities. * Many/most loads are backed by the government. * Government doesn't put any restrictions on the amount of the loan. * Colleges are paid regardless if a student is unable to pay a load. There is little price pressure on colleges right now. Maybe students are finally figuring out being burdened with a lot of debt is bad, but it's more of an indirect signal to colleges. Colleges only will feel pain if students start going straight into industry or trade schools. Ideally, the government should get out of backing student loans. That would make underwriters actually look at the chance that a given person would be able to pay-back said loan with a given degree. This would help apply some price pressures. As well, if colleges could somehow take a partial financial hit if students weren't able to pay back a loan, maybe that would help as well.