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Why are colleges raising costs? The answer is convoluted, but the baseline principle is simple:

Someone figured out the could make money doing it. It's depressing as hell, but it's nothing new.

It's why coaches get paid more than professors, and have seen exponentially higher pay raises than their book-learnin' brethren. Sports are how many colleges make money.

Education should never be a "for profit" endeavour, unless the "profit" is the growth of the economy under more, better educated adults.