The True 'New School'

What actually happened to make the cost of college in the US practically unaffordable without a loan?

Demand for college degrees increased, two main factors, ∞ other smaller factors

Factor 1: financing for college became more readily available, increasing number of people who can actually go to college, increasing demand

Factor 2: the workplace environment shifted to more specialized skills (away from manufacturing), requiring a college degree to get a “good” job, increasing demand
Graph Showing This Numerically (link )

Factors 3-∞: women go to college more now, globalization increases competition for workers, internet allows for more aggressive college advertising, tacobell announces the quesalupa, immigration increases raise demand, etc.

fast forward 30 years…graduate school is now required to get a “good” job

(CavemanCircus.com)