The College Graduate as Collateral
Could we means-test the cost of a college education based on the student’s future income rather than the parent’s past income? It might not only give a leg up to students from low-income families, but also eliminate low-value degree mills and help those who choose to go into non-profit, public service, and other modest income professions.
If colleges promote their value based on what they claim you are able to do after graduation, shouldn’t they charge based on what you do after graduation?
Bankers would pay the way for artists, engineers for english majors, and we might restore some of the diversity of work so vital to healthy economies and societies.