Colleges, generally speaking, are in for a world of hurt if they don't begin to control tuition and fees. The low-level grumbles about having to take out 25 grand in student loans will turn into full-scale revolt if we're not careful. The higher ed bubble will only burst if we allow costs to exceed inflation by so much each year. Otherwise, if we get a handle on excess administrative staff and actually make certain professors teach actual students from time to time, there really is no bubble. And research-- I am all for research at UT and other universities, but sometimes "research" is an excuse for not teaching more than something that is really happening.
We're in a belt-tightening mode as a country, and our universities aren't going to be immune. They can either adapt and thrive or whine and get left behind.
I'd rather have UT out on the forefront of containing costs, being more accountable and efficient, and improving actual student learning and value, than sticking our fingers in our ears, closing our eyes, and saying, "la la la la la, I can't hear you." That is not sustainable.