The better idea is to shut down the departments that have no commercial applications.
Right now everyone thinks they are going to say the "University of Michigan" and pay big expenses when in reality they are going to Michigan History University, Michigan Arts University, Michigan Music University, Michigan Anthropology University and so on.
If you had separate institutions for each major, the budgets, employees, tuition, etc would fall into line with employment prospects. Nobody would spend $200k for diplomas that should cost say $2k.
Yeah, Bernie the Vampire has made a comeback. He also went after Biomarin Pharma last week.
There is a large set of people with useless diplomas invested in debt forgiveness. CNBC said last week that people have stopped paying down their student loan balances. I think they have instead been contributing to Bernie and Elizabeth's campaigns.
Bernie is leading in NH and Iowa.
"When the people find that they can vote themselves money that will herald the end of the republic." Ben Franklin.
How about instead of debt forgiveness, they trade their debt for a certain percentage of additional tax going forward? Small debt 1% to 5% for large debt? You could cap the total for those who do end up with lucrative careers that actually end up paying off their debt. Now those who were frugal, so as to not have to take out debt, don't feel they are getting so screwed.