University Costs

Back in the 1960’s, university was effectively free, so long as you kept your grades up. Today, it will take you 25 years to pay off the student loans. Because of increased efficiency with electronics, electronic textbooks and MOOCs (Massive Open Online Courses) I would have expected the costs to drop. What happened? Did the cost of education actually go through the roof or was it just that the government withdrew its subsidies? How much of it was just general inflation?

~ Roedy (1948-02-04 age:69)