I agree that good quality higher education is worth subsidizing. College we are paying dearly for nowadays, not so much.
I hate the thought of this "bubble" bursting though cause it will affect my kids negatively moreso than myself and Dh. Maybe though, the higher education institutions will be forced to revamp entirely and realize if they charge 30 grand like it's nothing, the students need to leave with something applicable to real life.
The current trend in doing away with MSN programs and extending it another year (and who knows how much $) is a fantabulous example of this IMO. You are going to pay more, go to school for longer, and come away with exactly what that is different?