Only hospital service prices grew more than college tuition between 1997 and 2017 on this American Enterprise Institute chart. In contrast, prices for cell phones, cars and TVs plummeted.
Many people by now understand that government loans are the main culprit in tuition inflation. See Forbes’ Federal Financial Aid Is The Real Reason College Costs Too Much.
Professor Richard Vedder’s Twelve Inconvenient Truths About American Higher Education expands on this theme.