College costs began to rise precipitously at the precise moment that Obama dis-intermediated banks from students and the government. The minute Obama made the government the backstop for student loans, colleges saw that as an open invitation to raise prices, and boy did they ever. That is the fact of the matter and I will never forget it. I remember when he did it, because I told a friend of mine that the cost of college was about to experience massive inflation due to Obama's government intervention.