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We need to overhaul higher education in America as follows: 1) For those about to pay: No more federal underwriting of student loans. Let the free market differentiate schools, degrees and costs. Without this, more kids will get trapped for life in debt they can never pay back with a degree that is useless. 2) For those that have paid: reward them with a tax credit of 1x this amount to be used against their future earnings. 3) For those that can’t pay: establish an amortization schedule to discharge their debt and make it non recourse to the student as long as they fulfill a set of obligations that help America somehow (terms TBD but think Peace Corps, TFA like). Otherwise, I fear we are poisoning many young people around the pillars of traditional capitalism and democracy. They feel slighted, blighted and increasingly want redistribution and/or to burn it all down. We must avoid this at all costs.