It will also further devalue high school diplomas as well as make good high schools less of a priority across the nation (everyone is going to CC anyway, right?).
It probably makes bachelor's degrees even more of a requirement for decent jobs, making people more likely to take on student loans and spend their 20 and 30s paying them back for a piece of paper, restricting their mobility and options.
Throwing more money into a broken system does nothing than embed it further. Just about all of us here value learning, but our education system needs to be benefiting people, teaching people, and it is not doing that.
College is a HORRIBLE way to "certify skill sets." It's the most anti-liberal certification I can imagine: it measures how long you can afford to go without an income. One big result of giving college educations to a bunch of people that didn't need them is the credentialism race. Why does an office manager need a college degree when it didn't 40 years ago? Because now there are enough job candidates out there with a college degree that it becomes an easy (and legal[1]) way to filter out people who aren't smart enough for college. If you are one of those who are smart enough for college, this sounds great, but it leaves the people who can't cut college material up a creek.
[1] Griggs banned degree requirements, but no one pays attention to that
This is predicated on one very big thing: filing a lawsuit and winning. Well, and they're certainly not going to hire you now. But you open the doors for other people to get in without a degree.
I can't imagine anyone actually thinking that.
"Who needs good elementary schools? Everyone is going to middle school anyway, right?"
We have one less year of compulsory public education. I guess that devalued high school. However university degrees here are 3 years (4 for out of province students.)
Society hasn't collapsed. For many occupations, the "technical" diplomas (3 years instead of pre-uni 2 years stream) from a CEGEP are the expected level of education. There's an engineering school that specifically serves to convert those technical diploma to B.Ing (http://en.etsmtl.ca).
...and therefore making higher education more accessible is a bad thing?
The positional element just shifts money around, devaluing high school diplomas.
Only the productivity improvement element will increase net earnings.