Yes, but how many of us would get accepted? (Harvard rejects 92% of their applicants)
I'm not saying you have to go to Harvard to get a quality education, nor do you have to pay Harvard prices, either.
In many states, there is a completely decent state college system that even middle class families can afford to send their kids to without them taking on more than a modest amount of loans.
My law school roommate went to Harvard undergrad and graduated from law school with about $120,000 in combined loans. He's been able to pay off almost all of his loans in the 5 years since graduation.
A lot more schools would have valuable prestige if they weren't admitting a parade of immature, self-absorbed party majors.