UNIVERSITIES AND COLLEGES SHOULD WARRANTY THEIR PRODUCTS, AND WE SHOULD SUE THEM FOR THE FAILURE OF THEIR PRODUCTS TO PERFORM.
The state gives the universities protection from suits. For selling non-performing products. (But then, the government is a monopoly that forces us to buy its services too.)
Q: “Should a college education be offered to all people or to just a certain group of people?”
“Should” is an interesting question.
“College Education” is a loose term.
“Offered” is a questionable term.
The data suggest we send way too many people to college and way too few people to apprenticeship programs.
Just statistically speaking, if it takes a 110-115 IQ to complete liberal arts education that means that we should be only educating `10-20% of the population and the rest should get vocational training rather than liberal arts training.
Now that said, if colleges and universities had to warrantee their products, rather than sell non performing products, say, by getting x% of your payroll for 30 years, then we could drop tuition fees altogether, loans altogether, and let universities borrow to cover float (receiveables) themselves.
This would rapidly change the university system from just another parasitic quasi-governmental bureaucracy, to a market driven organization.
University costs and administrative costs would plummet, and courses woukd be outcome oriented.
This is the best idea for solving the problem of parasitic but useless university degrees.
We know now that we learn nothing at university if value. All they do is sort and filter the population.