[kyleschiller]

Lack of competition.

A University's revenue is basically defined by it's capacity, which means that lowering tuition doesn't let you "win" in any sense of the word.

The huge boom in EdTech startups is partially attributable to tech allowing for the easy dissemination of information, but has even more to do with a huge unmet need for talented developers in a culture that isn't particularly concerned with degrees. All we're seeing now is the logical conclusion of those forces playing out.