Actually we definitely need to go there, but cost regulations doesn't requires micromanagement of price controls. We already have a decent working example of some form of central control in the form of the fed bond rates; this is no different. Considering the fact that these are mostly public institutions, there should be a touch more public control in terms of the costs, because the end result of not controlling the costs centrally is a type of competition that we see now, which is to say universities taking on more and more debt for new buildings and other bullshit, knowing that they can account for the burden of that debt on tuition increases and unnecessary.

This is not a hard problem and it's vastly different than central planning with respect to prices of toilet paper or other stuff that shouldn't be centrally planned. Don't conflate these contexts and assume that they're all the same with respect to price regulations, because they're not. It's either lazy or intentionally disingenuous on your part to do so.

Fostering competition while ensuring that students are not taken advantage of is equally as complex if not more so than centralized cost regulation in the form of restrictions for institutions that accept federal loan monies. That's something I often see unaddressed with comments like yours. Unregulated competition is not a magic wand that solves all problems. Treating it as such is ignorant.