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And that's exactly why tuition has been raising so rapidly. Schools aren't competing with one another to offer the highest level education at the lowest cost possible. They're competing with one another to build the tallest rock climbing wall, coolest lazy river, most extravagant dorm apartments, etc. then pass that cost along to the students. Schools are doing this because not so street smart 18 year old kids are willing to borrow thousands of extra dollars per year for these things and thanks to the government they have access to near limitless capital. Of course these same kids after graduating then complain once they have to start repaying those loans. That's a whole other discussion.

After reading that story, I’m a big fan of Idaho President Chuck Staben.