> The fundamental problems, he says, are a dark triad of social maladies: a bloated elite class, with too few elite jobs to go around; declining living standards among the general population; and a government that can’t cover its financial positions

And yet, we continue to heavily subsidize the miss/over education of more who will be un/under employed upon graduation, and who will have no hope of paying off student loans.

Instead of heavily subsidizing these schools that have billions of endowments, we should be requiring them to provide their own financing. If their product is so great, they should have no trouble standing behind it.