Interesting post.
Thank you for setting the table.
If you were in charge, how would you “fix” things?
2. No government backing of school loans. Students would have to get loans on the open market, i.e. they would most likely not be able to afford them.
3. Eliminate the Dept of Education and, over time, eliminate all federal funding of state universities except for grants for research from the NIH, NASA, etc. State financing and accreditation of universities and colleges should replace the one-size-fits-none financing/mandates from the feds.
4. Allow companies to pay for students' education in exchange for requiring those students to work for those companies upon graduation for a specified amount of time. This would be similar to the ROTC program where the military will help with school expenses if you agree to spend a certain amount of time in the military.
5. One thing the feds should do is guarantee full compliance with the first amendment on all campuses. Speech codes, microaggressions, safe zones, the shouting down of speakers, etc. should all be actively discouraged and prosecuted where appropriate.