Easy compromise: eliminate the federal student loan program. Let the banks offer bankruptcy-eligible loans for high ROI prospects (Institution + STEM degrees + promising individuals) and deny for low ROI prospects at their own peril.
It'll quickly sort itself out.
Independently wealthy families could still pay for liberal arts degrees, and places like Harvard would still have banks lending to arts degrees since companies will still offer lucrative jobs based on the name. So arts wouldn't disappear… they'd just revert to a luxury offering.
It'll quickly sort itself out.
Independently wealthy families could still pay for liberal arts degrees, and places like Harvard would still have banks lending to arts degrees since companies will still offer lucrative jobs based on the name. So arts wouldn't disappear… they'd just revert to a luxury offering.