USA Today reports that student loan debt now exceeds credit card debt! $828 billion!
Huge waste. I could provide a great college education for every undergraduate student in the nation for decades for 1/1000 of what the current student debt is: Interactive, simulation-based online courses taught by the nation's leading professors. A computer would keep track of courses taken and passed and degrees automatically awarded when requirements were completed.
Because this education would be so clearly superior and less expensive than traditional college education (and it would become a profit center for a university,) I believe I'd be able to convince a designer-label college to award degrees to completers of the program. My pitch: Do you want your name or a competitor's name on it?