Wow- Prager- so wrong on everything.
Okay, so let's review. I went to UIC (Go Flames, said no one ever) and when I went there, tuition was about $1500 a year in 1985. I didn't pay for that, I got a nice scholarship from the Army National Guard, and it was kind of awesome.
Incidentally, I got more out of the Army than I ever got out of college, but that's a different topic.
So today, tuition at UIC is about $14,000 a year. Kind of ironic, UIC was originally supposed to be the campus for inner city kids, but today, black enrollment at UIC is only 8%.
SOOOOOO - What changed.
Well, part of it is inflation, but even factoring in inflation, tuition should only be $4000 a year or so.
What changed was that the DEMAND became higher. In 1981, when I first started at UIC, only 20% of the population had Bachelor Degree, today that number is closer to 40%. You can't get a good job without a bachelor degree, and when demand for something goes up, so does the price.
The other factor is that universities spend more on amenities to attract those dollars. Case in point- UIC has had a huge building boom since I was there and it was considered a "Commuter campus". Now it has extensive dorms, support facilities, a stadium, etc.
The final point was state support. The reason why I could spend $1500 a year on on tuition was the State of Illinois was picking up the balance of the operating expenses... now that has shifted more to the student.