One thing not mentioned is that this also comes at a time when state institutions are not seeing the same level of support from their state governments that they have in the past either. Some tidbits from a slightly old article linked below:
Forty-six states — all except Montana, North Dakota, Wisconsin, and Wyoming — are spending less per student in the 2015-16 school year than they did before the recession
States cut funding deeply after the recession hit. The average state is spending $1,598, or 18 percent, less per student than before the recession.
Per-student funding in nine states — Alabama, Arizona, Idaho, Illinois, Kentucky, Louisiana, New Hampshire, Pennsylvania, and South Carolina — is down by more than 30 percent since the start of the recession.
In 12 states, per-student funding fell over the last year. Of these, four states — Arkansas, Illinois, Kentucky, and Vermont — have cut per-student higher education funding for the last two consecutive years.
In the last year, 38 states increased funding per student. Per-student funding rose $199, or 2.8 percent, nationally.
https://www.cbpp.org/research/state-budget-and-tax/fundin...