In the New York Times, Paul Campos notes that much of the increase in the cost of a college education comes from an explosion of spending in administrators:

By contrast, a major factor driving increasing costs is the constant expansion of university administration. According to the Department of Education data, administrative positions at colleges and universities grew by 60 percent between 1993 and 2009, which Bloomberg reported was 10 times the rate of growth of tenured faculty positions.

He also notes that university presidents are now getting 7 figure salaries.

I am not sure how to fix this, but with a 17 year old daughter, I’d love to find a fix.