Make Full Profs teach at least 3 useful classes each semester/quarter and cut the number of Administrators in half.
There are a lot of state universities which charge somewhere in the $6K to $10K range for annual tuition and fees. If students attend an in-state university, live at home and work part-time they don't have to be deep in debt by the time they graduate. Of course some live too far from a state university to be able to live at home.