College should be funded by Pay as you go.
No Loans. You either work to pay for your Education, use money you have saved or get the money from your Family or some guilt ridden Alumni handing out Grants and Scholarships.
Tuition costs would tumble overnight.
“College should be funded by Pay as you go.”
Here’s my tale of paying for college...
When I left high school, I went straight to college and proceeded to have too much fun and mess up my first three semesters. My parents told me to straighten up or they’d close the purse strings, but I was 19 and I knew way more than they did ;-)
I told them I was going to work for a year and then go back to college. They proceeded to inform me that I would be doing such a thing on my own dime.
A year or two in the workplace convinced me that my parents may have known a thing or two more than I did. So I got a job with a large management consulting company - but in a low-level administrative function. While I worked there, I took advantage of their tuition remibursement program and worked my way through college at night. Yes, it took me six years to get my degree, and I had to pay for a few courses myself, and it was a pain to work and study at the same time, but by the time I graduated I also had moved up through the ranks at my company - and I now had a degree, a good reputation and a regular paycheck at solid company, and no student debt.
I also had the priceless education that my parents gave me by kicking my tochas to be responsible for my own future!
It can be done - but it takes WORK, and being humble enough to realize that you won’t start out as the CEO. Lots of companies have tuition reimbursement as a benefit. It worked for me.