I have long and increasingly been of the opinion that things have to change. There are multiple problems or angles.
First, not everything suits the “box” of a traditional college education, and worse, a bachelors degree has become the new high school diploma. Which is a whole other issue – the need to, you know, teach things (and reasoning, though I think in many if not all people the ability exists and it’s the job of the education establishment to break it) in the earlier years of education. Nor does everyone fit the mold of the more purely academic.
Second, government encouragement of higher education has led to a runup in prices beyond all reason, at least as much as government encouragement of home ownership and free lending for same, and at other levels, things like zoning regulations, pushed along the housing market bubble. Something has to give.
Third, and related to the first, some things move too fast, are too specialized, are too modest in scope, or would be better of freed from keeping the educational establishment in power, and increasingly lend themselves to new methods of delivery. The trick will be in the marketing and wide recognition of the worth of alternatives, from remote learning with internet college course delivery on down to whatever else arises.
Fourth, was there a fourth? I forget. This was supposed to be a quick link without a lot of comment, as part of my catching up project.