These geritocracy and conservative decisions will eventually catch up. As I tell my father, "be kind, I will be the one to pick your nursing home." The numbers are very clear who wins when young people actually turn out, so this just adds fuel to the fire.
(bit of a demographics scholar when time permits)
Affordable education exists. You can get a bachelor's in Computer Science from WGU for a couple thousand. Georgia Tech offers an online MSCS for about $1k per month.
These programs are scalable and practical. They have such high capacities that they don't have to be selective, making them available to everyone. The cost is trivial compared to the potential earnings.
But for this type of education reform to work, people need to vote with their wallets for the most affordable option. That's only going to happen if they are held personally accountable for their education spending.
Why would somebody choose an affordable, practical program over a needlessly expensive program if the government is paying for it? Where is the incentive to minimize cost and maximize ROI?