[dragonwriter]

> Except the well-being of the students?

The long-term well-being of the students is not what most educational institutions frame as their charitable mission, and even if they did they don’t have a good way to assess marginal impacts on it the way they do other things, so its unlikely to get factored in consistently even if there is an intention to respect it.

> Not for profit institutions are supposed to be immune to this kind of behavior.

No, charitable non-profit institutions are supposed to be immune to seeking returns to investors, not from seeking money to serve what they have defined as their charitable mission. Quite the opposite.

> Also I agree with you that the way to stop this is to end student loans.

I very specifically did not say the solution was to end student loans, I said it was to condition aid (including whatever combination of grants and loans) on cost caps.

(I think aid should be mostly or all grants and not loans, but that’s unrelated to the cost of tuition problem.)