Earlier quoted context omitted.
Let me explain a line of reasoning that would refute the explanation you provide for the ballooning debt. Universities have not generally changed the way they do things, universities have always been the four things OP listed since forever, even when you likely got your degree (assuming you did, or at the very least most of hacker news did), they were those four things too! Therefore, there is no inherent thing to un…
The thing that happened, which you astutely pointed out, is not related to universities at all. What happened has been called cost disease but is perhaps better known as inflation. The trouble with talking about inflation is that the most commonly-reported figures are based on a consumer basket of goods which have seen skyrocketing leaps in productivity which has kept their prices down, relative to everything else. T…
State school tuition cost have crushed the general level of inflation increases because it is easy money for the state and there is no state that does not love extra money to spend.