With student loans to finance it, the cost of college can increase as quickly and as high as the schools desire. At the same time, the degrees earned there continue to be worth less in the marketplace. When I went to college (and seminary) it was possible to earn more than enough over the summer to cover nearly all of the costs (with scholarships) but I do not think it possible today for most students to do that (unless their state schools have low tuition and the student lives at home during college). In addition, the way FAFSA works, it does not matter how much a student has on hand to cover the cost of college or how many scholarships he or she mght qualify for, all that money is reduced from need so that it often seems like that student is being punished for having money or having parents who earn a fair wage (two parents earning). In the end, schools will soon run out of students as the numbers of 18 year olds shrinks and will learn how to saddle older folks with student debt -- including those who might have escaped it on their first go around. Right down the road from me is Vanderbilt and it literally costs per year what my 2400 square foot all brick house cost new in 1992.