<p>“This wilingness to provide for one’s children has been terribly exploited by the college industry, and is what has been keeping it running as it has been.”</p>
<p>This is an interesting point . . .and I think there is truth in it. But another huge driving factor is the demographics. The number of 18 year olds has been going up, up, up as the baby boomers reproduce. And the fact that there are few good jobs for non-college grads has also driven up the percentage of the 18 year old population that at least try to attend. So demand has been on the colleges’ side for quite awhile now . . .The whole situation has been compounded by easy access to money at low interest rates, making borrowing for college seemingly more reasonable.</p>
<p>Ugh.</p>