Edit: Link to source: https://trends.collegeboard.org/college-pricing/figures-tabl...
To take it further, the underlying issue is that it is now compulsory for people to have a college degree in america to keep up with their expectation of a normal middle class life style.
Decades ago, you didn't need to be college educated to live the American Dream.
The collapse of those jobs has left citizens to scramble for what's left. this leads to all sorts of secondary effects such as the reduction of extra curricular activities, teaching the test, rote memmorization to survive tests, and cram schools.
This pattern exsists already in many third world and developing world nations, and it is a shit show. Our worst scams when it comes to education are horrifying. (Search: vyapam for the most recent education related scam in india.)
The education problems in america are a jobs/employment problem.