It will take several generations, because there are many generations of university grads who have emotional ties. They all vote and will pressure Congress to subsidize their college of their youth then see it go bankrupt. Just look how alumni react if their college decide to do away with football, basketball etc etc. They rather see tuition increases so they can run a pro sport team along with high cost stadium and coaching staffs. If Americans cannot afford tuitions, colleges simply recruit foreign ones who pay their tuitions upfront. Globalism offers universities options if Americans will not buy their services. Arab pinces will come to US so they can spend four years escaping their stict Islamic societies, and Chinese students are willing to pay for expensive US tuition because slots for Chinese universities are still limited and US offers a good fall back option. Plus many corrupt Chinese officials want their kids in the US just in case they must leave the country in a hurry. When Main Street Americans don’t have the money for goods and services, corporate America and universities can offer their goods and services to to foreigners who have money.
Won’t take that long. There are many folks like me, with the degrees and the credentials that have been shut out of the education establishment.
What happens when you start your own business and start to tap into all these frustrated young people? Things will move, and move quickly.
The only people who are really benefitted by the system as is are all over 50. Everyone of my peers have gone overseas or are working outside of the establishment.
Foreigners aren’t stupid. Why would they waste their money if Internet education with certifiable testing and qualifying were cheaply available to them?