Moore’s Law versus the Law of More

Moore’s Law versus the Law of More | The John William Pope Center for Higher Education Policy
....the average tuition inflicted upon students at American colleges has shot up from 23.2 percent of median annual household earnings in 2001 to 37.7 percent in 2010.
That rate of increase is 6½ times the rate of inflation (i.e., the rise in the Consumer Price Index).
Colleges have pushed more students to take out loans, while the federal government—in a classic case of moral hazard—has encouraged students to pile up record debt.
Collective student loan debt has now surpassed $1 trillion—more than the collective national credit card debt.
So, despite their large tuition increases, many colleges and universities are running in the red and piling up debts.