Supply and Demand Is REAL?

All this happened while total federal student aid more than doubled, in constant dollars, from $60 billion ten years ago to $120 billion today. Sadly, more federal student aid simply fuels the rising costs. The cost of education tracks with the growth in federal aid; the transaction cost for students is not lowered. The federal money effectively flows directly to the operating expenses of the Universities-which seem to rise in direct proportion to the flow of federal funds.
http://www.forbes.com/2011/02/01/college-education-bubble-opinions-contributors-louis-lataif.html


You mean, it's just like they said in Econ 101?


HT:  crossfit.com