The quote I have always loved is: “If you hate the cost of education wait until you see the cost of ignorance.” I love the logic. It is only when you take it to the extremes that it no longer works.
Mish Shedlock has a unique perspective in his post: PhD's In Distress and the Unsustainable Cost of Education
We are in an era when basic classes like Algebra and History can be taught at a far lower cost – and yet the costs are going up not down. We need to question the models, question the assumptions and teach that which will lead to jobs rather than academic enlightenment. Let’s get real – education like everything else needs to be cost competitive.