I have strong opinions about the whole college bubble issue. In my opinion, the single biggest reason for this mess in America is the whole "student loan" scam.

I have strong opinions about the whole college bubble issue. In my opinion, the single biggest reason for this mess in America is the whole "student loan" scam. Let me explain. Colleges don't really care about what their actual cost is because whatever they bill, they get paid by the govt. (aka student loans) for the most part. Yes, the students have no choice but to get those loans and get enrolled. Imagine if the easy supply of these loans was stopped AND the colleges were actually demanded to justify their tuition costs, I bet the student enrollment will not go down while the costs will go down significantly. Imagine this. Lets say a good private college costs $40,000/yr (making up but pretty close) on paper. The actual amount that a student pays out of pocket is wayyyyy less say $10,000. The rest is covered by student loans/grants etc. So the student still ends up with a huge debt of $40,000 while the college makes a profit from the govt. This is true for both private/public colleges.