> Ultimately, college is expensive in the U.S. for the same reason MRIs are expensive: There is no central mechanism to control price increases. “Universities extract money from students because they can,” says Schleicher at the OECD. “It’s the inevitable outcome of an unregulated fee structure.”

That assertion makes no sense. In a market economy, almost all prices are unregulated. Yet the prices of TVs, hamburgers, etc., aren't skyrocketing. The lack of regulation is surely not the problem.