my money blog
[T]uition has been been increasing annually (7.88%) at more than three times the rate of inflation (2.37%) since 1978.
You can't attribute the fantastic increase in college tuition to special education.
Or to unions, for that matter.
This has got to be a big part of it:
The Bankruptcy Abuse Prevention and Consumer Protection Act was enacted in 2005 to include private student loans as one of the 10 debts that can't be forgiven.
Robert Siegel talks with Stephen Burd, senior research fellow in the Education Policy Program at the New America Foundation, who says federal loans had long been included in this list, but private loans were included in 2005 because lenders had been reluctant to take on the risk of student loans.
Now that lenders have no risk, Burd says, student loans have become a very lucrative business.
2005 Law Made Student Loans More Lucrative