The trick to fix our college system is simply allow student loans to be discharged through bankruptcy, like any other loan. It is a simple incentive shift that changes the whole dynamic of the higher learning industry. All the problems with it that we talk about nowadays will right themselves and everything falls into place with this one weird trick.

So, perhaps, "student loans" need to go (in the sense of all of the awful regulation (or lack thereof) around them), but not necessarily "loans to students to earn a four-year degree".