there are too many students chasing to few colleges. there should be 20 Yales, 30 Harvards and 50 MITs. just like there should be 10 Microsofts, 20 Googles and 50 Apples. if competition for credentials wasnt so pirate cut throat due to induced artifical scarcity, then society wouldnt be nitpicking over admissions quota minutia.
imagine a world where we cut the Pentagon's budget by 15%, and poured that $150 billion into turning every Community College into a University on par with Yale and the Ivys. imagine a world where unemployable grad students were not ground up and churned out through a system that only has teaching jobs for a fraction of them.
the solution to all higher education problems is to radically increase the supply to meet the demand.
dont you want humanity to have an orbital base around Alpha Centauri someday? how else are we going to achieve that?