If colleges raise prices, won't this make it more attractive/affordable for new colleges to open, thus increasing supply? Yes. Hence "bubble". The government

If colleges raise prices, won't this make it more attractive/affordable for new colleges to open, thus increasing supply? Yes. Hence "bubble". The government did everything in its power to funnel money into housing back from 1999 through 2005. If someone was against this, they were against people having homes. This resulted in a housing boom. Today, the government gives out giant loans to students who will never be able to repay them. If you are against this program, you are "against people getting an education".