I do believe Mark makes a valid point. However, according to the argument presented, prices would fall in response to limited governmental assistance. I don't know... Other variables like inflation, population expansion, mass immigration, and marketing have also created a tremendous demand. I failed to mention that even though for-profit universities cost significantly more than their state-sponsored competitors, enrollment continues to soar.

There are a variety of reasons why college tuition has skyrocketed in price. We have an expanding population without an equal amount of universities and colleges. In other words, this is simply a case of supply and demand. It is no wonder that Phoenix University and other for-profit institutions have had such tremendous success.