WALTER RUSSELL MEAD: Will Student Loan Debt Drive Higher Education Reform? “Nobody knows what the future of higher education will look like, but it is clear that the current model is horrendously inefficient. The pressure for reform will only increase as technological innovation combines with financial necessity to encourage greater experimentation. While the rest of the world is trying to copy the old American academic model, the United States is moving on to create a new and better approach.”

We could always replace student debt with student equity.