Comment Re:One word summary. (Score 1) 1032
The other factor being that public institutions are not participants in a educational "free market".
They do not adjust their tuition to take advantage of supply. They increase the tuition to make up for the decline in state funding combined with faculty salary increases (seniority and COL raises).
Unlike private institutions, whenever a state college increases the tuition there is usually pushback from politicians and the state residents. In my particular state they have to account for the resident grant program which gives each high school graduate a small amount of money to spend towards attending a in-state institution and the state educational investment fund where residents prepaid for a four-year education.