A Solution to the College Debt Crisis

40% of kids who enroll in college never graduate. This is a staggering waste. Read on for the solution

The rainbow is in sight and sunny days are ahead | Picture by Author

With all the mania around cutting government waste, fraud, and abuse, I was reminded of the many billions of dollars in student loans the government forgave in recent years.

I know people get excited by this topic. In fighting over whether to forgive student loans and, if so, how much to forgive. we risk ignoring a more fundamental question: How’d we get ourselves into this mess and what is the root cause? Without answers, no solution can serve as more than a temporary band-aid. The problem will recur unless we fix it.

Today I will describe how we got here. I will then explain why the proposed fix is no fix at all. And I’ll end with a solution that would actually work to permanently solve the college debt crisis. Whether society is ready for this solution is another matter. I’ll let you decide.

College or bust!

For a European visitor to the United States, nothing is more shocking than learning how America handles higher education.

• We tell children that a college degree is vital to their success.
• Then we offer them a range of choices from community…