"published college tuition and fees increased 439 percent from 1982 to 2007, adjusted for inflation, while median family income rose 147 percent. Student borrowing has more than doubled in the last decade, and students from lower-income families, on average, get smaller grants from the colleges they attend than students from more affluent families."
When something is unsustainable, it can't go on. I predict that in the recession ever-more families will turn to public colleges, online education, shorter degree programs, overseas education, or even pass up college altogether.
And no shock, the burden falls disproportionately on the poor. How can we have a meritocracy if one year at a public university costs more than half of the income of the poorest fifth of the population?