Quote Originally Posted by Johnson85 View Post
Yup. That's mostly what student debt is now. Even the money actually being paid to the school is largely paying for amenities and extra administration, not increases in the cost of actually educating people.
In my day the "cost of living", which dictated the max loan amount, didn't have too much in it beyond tuition. Would have covered an apartment, but not an expensive lux one. Has that formula been changed?

I would think this will mainly be kids with daddy money.