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Question: cost of college has been steadily rising however the enrollments...

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Cost of college has been steadily rising. However, the enrollments have been rising as well (see graphs below). What demand and/or supply factors can explain this trend?

NOTE: Graphs below show cost index and enrollment index for private and public 4 year universities. Both indices are based on 1985-1986 school year.  

Public 4-year institutions 350 300 250 200 150 100 S0 Cost IndexEnrollment Index Private Non-profit 4-year institutions 250 200 150 100 S0 Cost Index Enrollment Index

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