In response to:

The Higher-Ed Bubble is Bound to Burst

dtatsch Wrote: Sep 13, 2012 1:49 PM
Privatize all education!
"If you want to go to college," my mother said, "you'll have to get a scholarship."

Luckily, I did. I was admitted to George Washington University, which generously awarded me a grant covering the full cost of my tuition. To the best of my recollection, that sum was $2,400 in 1975, the year I entered GW. To pay for my other expenses there were several forms of need-based financial aid, and I received what is now called a Pell Grant and a subsidized work/study job on campus.

Adjusted for inflation, the $2,400 GW charged for tuition...