UC Berkeley grad students and Scholars Strategy Network members Charlie Eaton and Jacob Habinek are in an ideal spot—geographically, educationally, even generationally—to look at college debt. Young people seeking first degrees, let alone post-secondary education, are increasingly floundering in student debt, and Congress is dragging its heels when it comes to finding ways to mitigate that debt’s effects. But the state of California’s higher education system is also notoriously in the red, and that’s where their research comes in.

“Public research universities,” like those the authors attend, “have passed along their own debt to students by raising tuition and fees by an average of 56 percent from 2002 to 2010,” writes Don Troop in The Chronicle of Higher Education’s Bottom Line blog. So, yes, the students face rising loan debt, but it’s at least partially due to the borrowing needs of the colleges getting passed along to the “consumer,” a model not usually associated with public institutions. Troop goes on to cite the authors’ work examining data “from 155 public research universities,” “among which debt-service payments had risen 86 percent from 2002 to 2010.”

The idea that inflation raises the cost of goods and providers then raise the cost of the goods for the end consumer isn’t new. When that commodity is education, however, we see students (even those who never graduate) holding what may soon amount to adjustable rate credit card bills: federal and private education loans. To read the full SSN report, click here.