I couldn’t agree more with both of your steps. The result will be more stringent screening (elevated somewhere above “can you fog a mirror and digitally sign documents?”) and will raise interest rates (to reflect the added risk to the lenders). Both would be EXCELLENT outcomes.
The problem is neither is likely to happen. Universities would crumble without the scam cash flow they have used to build huge buildings, endowments, programs, payrolls, and on and on...
I’m not sure how this gets solved without bilking us all (which really won’t solve the problem - see Bank Bailouts exhibit for an example), or crashing the system.
The problem is neither is likely to happen. Universities would crumble without the scam cash flow they have used to build huge buildings, endowments, programs, payrolls, and on and on...
And the problem is?
Let them fail.
Universities have lost their way. They have forgotten their purpose, education. Instead, they feel their role is to reshape our society. So I shed no tears for them if they fail.
I would support Science and Engineering (and related subjects) but feel good studies need to pay their own way.