A few thoughts on loans and funding higher education. I'm just thinking out loud and really haven't researched the viability of any of these ideas, but I'm curious to know what others think. I think loans, in general are a horrible way to finance higher ed. It gives too much leeway to both students and universities to misspend that money in all kinds of ways. So one idea I've been shuttling around in my head is to offer tuition-free education financed by a tax on post-graduates who meet certain income standards. So those who utilize the higher education system opt-in to a later tax provided they get jobs--this will emphasize universities to educate towards actual employment to keep their financing as robust as possible. It would also keep students from having a trough to spend not only on tuition, but anything under the sun. I realize that this alone wouldn't be enough to fund all of higher education, so another vehicle of finance would be necessary. Having a whole generation of Americans indebted to their education so that they end up paying twice as much in interest over their lifetimes hurts not only the individual, but deprives the economy of those dollars that could actually buy goods and services instead paying interest rates. While I don't think total loan forgiveness for everyone is really a solution, perhaps eliminating the interest rate debt all together would be a good step. It would be a lot more palatable if people could just pay down their primary debt, without the strange interest rules that keep that debt growing while you pay it back. I also agree with ideas that want to make vocational education more affordable if not free. There's probably a host of technological jobs that could be served by a vocational education as much as they could a university education. Part of the problem with current generation not getting the most out of higher education is that their primary and secondary schools don't teach them the skills to succeed at the university, and often universities are forced to dumb down their processes as a result. Moving away from standardized testing I think would be an important step. Finding a new way to fund schools other than property taxes would be another good start; I know some states pool all the property taxes, and this might be one solution. As much as we want problems like education solved locally, I fear, too often, that localized solution often involves inequitable solutions. All this said, I wouldn't have been able to go to college without access to loans. My folks made too much (barely) to qualify for a pell-grant, but still couldn't pay for my tuition. But the truth is, I misspent a lot of that loan money, and while it would have sucked, I should have been more frugal with my hosing, food, and incidental costs.