So let me put colleges and universities on notice: If you can’t stop tuition from going up, the funding you get from taxpayers will go down. Higher education can’t be a luxury. It is an economic imperative that every family in America should be able to afford.

Barak Obama, State of Union 2012

Does this speech signal that the time has finally arrived when the government – which pays a good part of the bill – will step in to limit the rapid and seemingly never ending growth of tuition? In normal times, the answer would likely be “yes” given that politicians from both sides of the aisle have been introducing bills that would cap tuition in one way or another for almost a decade. Thus, we might expect to see a quick moving bipartisan effort.

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