Recent notes coming out that University Administration is nearly equal to the professors. The blame for the rising cost of school seems to be this growth pattern found across the country. I think this is distraction. How can you blame a university for increasing administration. That is all they have left. University enrollment peaked around 2010 yet. So you don't need more teachers. But charging more money. Why not charge more money.
Government guaranteed loans, so the university makes their money on the suckers (sorry students) who are stuck with the debt for the rest of their lives. Not to mention, no jobs.
Unlimited capital has created the bubble ($1.6T worth of student load debt). If going to forgive student loan debt, then what about ever other person that paid their debts. Who is the sucker. Granted, how would you like to be the CFO of a company (this case government) and have to put $1.6T on your balance sheet. Ouch.
This is not an administrative problem, they are just having to spend the money they are being given. It is an unlimited capital problem.