Here's some more on what many see as a possible higher education bubble.
http://blog.american.com/2011/07/chart-of-the-day-the-higher-education-bubble/
http://washingtonexaminer.com/politics/2011/07/will-college-bubble-burst-public-subisidies
But what many of these stories miss is that "net tuition," as opposed to stated price, has actually stayed pretty much flat, at least for CIC institutions, over the last decade or so. Aid of various sorts (instiutional, state, and federal) has kept pace and then some in the last 10 years. You can see the consequences in the budget woes of many of our CCCU brethren, as this story notes.
http://www.cccu.org/news/cccu_tuition_student_aid_increases_for_2011_2012