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The cost of education also increases because it's becoming an increasingly rare commodity. At least to go to a school with a good name. Look at the Ivys, for example. There are still only 8 of them. (And there's still only one MIT, Swarthmore, Stanford, Williams, etc.) They have roughly the same student body sizes as they did 20 years ago when I started college. But the county's population (and number of HS kids continuing on to college) has increased during the same time. So they charge more because that's what the market will bear. Like any other commodity.
I went to a private HS. I get sent the alumni newsletter. There was an article about how the cost of tuition at the school has risen about about 6-8% annually. The goal is to slow it down...to just 2-3% over inflation. The article didn't come out and say it, but that's what they must think the market will bear.
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1987 Venetian Blue (looks like grey) 930 Coupe
1990 Black 964 C2 Targa
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