You are correct.
AHA! PREDATORY RECRUITMENT. How many more Mister Speaker?! How many more UNSCRUPULOUS “College Fairs” lure innocent High School students to commit to years of INDENTURED SERVITUDE?!!!
I believe it is a pay off to the schools for teaching socialism. Check out these prices http://www.archives.upenn.edu/histy/features/tuition/1960.html