[johno215]

Agree.

But, I am not convinced college tuitions will fall.

Demand is increasing. Just in the last 10 years enrollment has increased 30% and is still increasing. Any ranked university/college does not have trouble filling their enrollment goals with their current tuition. Although there may be some delayed price pressure from higher prices causing lower caliber students to enroll, thus decreasing the ranking of the school, and thus reducing what they can charge.

In addition, most american try to achieve a middle class lifestyle at a minimum. And culturally a middle class lifestyle entails the children having a college experience (and its associated costs).