Going Broke on Graduation by Richard Vedder David Wood once said, “College is the best time of your life. When else would your parents spend several thousand dollars a year just for you to go to a foreign city and get drunk every night? College costs are rising at unprecedented levels, which is why Richard Vedder went looking for a reason why this is happening and what, if any, the solutions to this ongoing problem might be. Vedder talks about four main reasons why tuition continues to rise: third-party providers and the amount of funding and spending that comes with it, there is no market discipline when it comes to colleges, price competition, and even government regulation. However, to combat rising prices, Vedder came up with a number of solutions that could be used to control the cost of tuition, despite some problems with these ideas, his idea of ​​using a voucher system is the best solution that presents .Vedder explains that universities in general believe they can raise the price of tuition because due to the increasing amount of public education aid, particularly student loans, families have not worried too much about the rising cost of tuition. 'instruction. He says there is a vicious cycle when it comes to university funding. In the first year, tuition would be raised, and to address the resulting political pressure, Congress would make student loans more accessible and affordable. As a result, the demand for education becomes greater, and as such, colleges are then able to raise prices again, which would result in greater political pressure and, therefore, cheaper loans. To address this growing problem, Vedder believes the best way to do so would be to simply stop allowing these third parties to donate more money when tuition increases. In this way, the student would be more aware of the price of tuition, therefore less inclined to enroll in a university with a relatively high tuition cost..