From an economics standpoint, I'm curious why education has been skyrocketing in price? Is it primarily due to demand, and universities are just jacking up tuition because they can? Or are there other factors at play?
Sticker prices have been soaring. Actual cost of attendance hasn't been increasing nearly as much-- many students don't pay anywhere near the sticker price due to tuition wavers, grants, etc. This article summarizes it as 3rd degree price discrimination:
I think you'll enjoy this fascinating lecture and Q&A by Glenn Reynolds held at the Clemson Institute for the Study of Capitalism on your very question, entitled The Higher Education Bubble and What Comes Next: http://vimeo.com/15821943 Check it out.
http://www.bloomberg.com/news/2012-11-27/misconceptions-101-...