Ideally inflation shouldn’t effect education as much as regular goods. For example if I have an apple and you want to buy my apple, at minimum I want to recover my costs because I will be left without an apple. However, if I have knowledge, I can share my knowledge with you freely and now we both have knowledge, I won’t lose my knowledge like the apple.

If we don’t abandon the the system of guaranteed government (i.e. taxpayer) student loans, you can be sure their costs will continue to go up just like they went up when their was no inflation, and those costs will just be passed along to students and paid for with debt.