Increasing tuition costs are largely held to be at fault for rising levels of debt. However, the cause of rising tuition is subject to debate. Some believe that public subsidies have encouraged colleges to avail themselves of the “free money” and jack up tuition prices. Others say it is the competition among institutions to build the most expensive and cutting-edge amenities on campus. According to a recent report from Demos, a New York-based think tank, ultimately state divestment in funding to public institutions of higher education is to blame for the increase in tuition.