>Here's a good explanation:
>
>http://thefederalist.com/2015/08/12/hillary-clinton-higher-ed-and-the-paradox-of-subsidies/

Yes.
Definitely part of the problem.
Have to look at big time sports too, I think.
However, it might just as simple as eco 101.
These people have monopoly pricing power.
Princeton, Harvard, Yale, etc. can charge whatever they want and they'll sell out.
In fact, the more they charge, the more desirable they become.