The biggest issue I have with our exiting system of funding higher education is the special nature of the debt. In any other credit purchase, if the service bought turn out to not be what is promised, you have recourse, you and default, file bankruptcy, or even sue. You can't do that with a college education, you're effectively buying it sight unseen with no recourse or remedy, and that debt lives on forever and ever.

If we made it so college debt was like normal debt, meaning it could be discharged in bankruptcy, the cost of a higher education would likely plummet, and come back down into the affordable range again.