Cost of diplomas is directly correlated with government backed financing. Once gov put their hands into it, universities ramped up prices because of the student can’t pay the loans back, the government would. Everything to government touches turns to shit See Medicare and Obama care. Since inception. Health care prices went way up because the hospitals knew they would pay it (they being the tax payers at gunpoint by the government)
I agree completely with everything you've said. I hypothesize that if government funding were stopped for higher education, and all schools were forced to return to merit based admission and grading, schools would remove over half of the degrees they offer and prices would match those of a local community college.