A few thoughts:
- **MODERATOR'S NOTE:** Deleted as a ToS Violation
- Harnessing the price signal to shift supply and demand does make sense. Yes, that may mean cuts to colleges and some may close.
- Ideally, potential human capital with positive externalities would be subsidized and poor kids have some way to develop their human capital (you would think everyone would support as that as that would make this country richer overall but . . . nope).
- Someone will provide loans to med school students. A few top b-schools and law schools (HBS, Stanford GSB, MIT Sloan, and I think Yale SOM as well as YLS, HLS, and SLS) meet full need. Pretty much everybody else offers big merit scholarships of some kind or another. Back in the day, it wasn't uncommon for many practicing lawyers to have worked their way through night law school to earn a JD (and plenty of folks still get a PT MBA). You will see high-quality PT, online, and hybrid grad degree programs proliferate (that allow people to work while earning a grad degree). GTech already offers an online CS master's for 4 figures. Even Harvard has relatively inexpensive master's (many with online classes) that you can get through their Extension School). JHU has an absolute ton of online master's. UIUC actually shut down their FT and PT (on-site) MBA programs to concentrate resources on their online MBA program that is much cheaper (and enrolls a lot more students).