You fail to note that university enrollment is higher than it has ever been. Universities with formerly open enrollment are now actually turning prospective students away. Tuition rates are going right on up as well, but the demand appears to be inelastic.Quote from fullblotter:
tuition fees are probably the biggest bubble of all time. a lot of universities are going to go bankrupt when tuition fees collapse. those that survive will be much cheaper, except for the few elite schools.