Here's the answer. 1) Repeal the 1978 bankruptcy reform act such that student loans can once again be discharged under personal bankruptcy. 2) Remove the federal guarantee for student loans such that the government no longer backs all public student loan debt 100%. 3) Rescind the ability for the Department of Education from selling student loan debt to predatory collections agencies. Tighten up credit and loosen up the ability to get out of debt and lo and behold, it gets harder to get a loan. Lo and behold, fewer colleges tap the easy money. Lo and behold, less people scrabbling for worthless diplomas that will get them nowhere and as a consequence, less worthless diplomas required to get a job that doesn't require much over high school anyway.