Bullshit. "More money" has been thrown at all levels of public education with increasingly dismal results.
Where are these rising "costs" for education? I see rising "prices" but that's a different matter. The colleges and universities are inflating prices in direct proportion with the students' ability to pay(by taking on huge amounts of debt).
What do you need for education?
1. A subject matter expert
2. Classroom and office space
3. Desks and chairs
4. Textbooks, notebooks, pens, pencils
5. IT infrastructure.
6. Lab space and equipment for some subjects.
Are the professors' salaries skyrocketing? Has it become that much more expensive to build and furnish classrooms, offices and labs? Textbooks, pens and pencils aren't included with tuition, so that's not a cost driver. IT hardware has been getting cheaper and U.S.-based IT staff aren't seeing major salary increases.
The sharp spike in "prices" is not being driven by increases in "costs" which are being passed on to the students. Colleges and Universities, just like any business, will charge the highest possible prices they can without losing customers. As long as they can keep a full contingent of students, they will keep pushing up prices.
We need government, especially federal government OUT of higher education! Roughly 70% of college students have student loans. If we get the government out of the lending business, will we see a 70% decrease in the # of college students and massive layoffs of faculty and staff? Hell no. Colleges would need to cut prices dramatically to attract students, something that the schools could very easily afford to do. They certainly don't need more grants and subsidies.