There will be zero progress on this issue till the Teacher Union stranglehold on education ends. They are a big voting block, and the Union donates to candidates on a large scale for influence. So this will happen when pigs fly.
Our kids are barely ready for College these days. Colleges need kids in seats and will except more foreign students. College degree is not worth what it was 25 years ago and not worth the money spent today, unless kid is smart and goes into Engineering, Medical, or Business
Meanwhile employers hire foreign trained engineer types because the schools do not turn out what employers need from a skill angle. I experienced this first hand in my IT-Mgr/Dir days, and plus kids from US thought they were worth 30% more than I was going to pay.
So kids w/ degrees become teachers and the cycle repeats and the student debt grows, kids pay off degrees, not houses and Student loans is the next looming debt crisis.
University needs to be tied to the kid’s employment success and have skin in the game regarding student loans as right now there is no control over the tuition price if loans are cheap and university is unaccountable for them landing jobs.
“University needs to be tied to the kid’s employment success and have skin in the game regarding student loans”
Option 1: Have the university co-sign each federal loan.
Option 2: Lend to the college and have its graduates pay the college (say 1% of income per year of attendance for ~20 years) via the IRS so the college can repay its loan.