Maybe schools should be more like an investment system. A college goes out and finds students with potential. The college provides an education with no upfront cost — undergrad, grad, certificate: whatever the college feels is a good investment, based on that student’s ability. After graduation, the student finds gainful employment and has to pay back the school for the investment.
If the school chooses the wrong student, or provides a pointless education, then students will be unable to pay back the school. Therefore, schools will make smart choices about the value of the education they provide.
Sounds like capitalist exploitation to me. Fortunately we offshored a lot of those kinds of jobs to avoid this king of thing.
See Figure 5 on page 10. Law schools appear to be the worst offender.
Professional “students”.
Grad school is free for the sciences, the only people that pay for grad school typically are doctors, lawyers, and people getting an MBA.