I don’t see why the federal government needs to be involved in higher education at all, and as far as entrance tests go, I don’t really care if a moron goes to college so long as he or she is paying for it themselves. Other than that, I agree with your post. Unfortunately, I don’t see the current system changing, because too many people have a vested interest in maintaining it. Can you imagine a system where the vast majority of students had to work their way through college or go to private lenders who demanded a return on their investments? As you wrote, that would fix the system almost overnight.
“I don’t see why the federal government needs to be involved in higher education at all, and as far as entrance tests go, I don’t really care if a moron goes to college so long as he or she is paying for it themselves.”
Well, note that I said “public” (=taxpayer supported) colleges. I don’t care either if someone’s parents pay to send their kids to school to get a degree in astrology from a PRIVATE school. I am supporting students in public universities with taxes; they will be supporting me when I am retired (dream on...) and I want a return on my money.