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College is important. I've been reading an ever increasing stack of articles suggesting it's not nearly as important as we once thought it was. Perhaps that's true, though i'd suggest that it's a matter of confusion. College is expensive, too expensive. This is the point we should be focusing on, not on the matter of whether or not to attend.

In my opinion the reason it is expensive is because the market is not operating properly. And the reason the market is incorrect is because the role of higher education changed, but the business model hasn't. The labor market is the only market where the supply pays for the privilege of fulfilling the demand. In my opinion the demand consists of companies demanding people with advanced skill sets. The supply is you and me, the future employees. College used to be a service to finely prep a pupil for an aristocratic life. Today I view it as an institution to develop new skills for the benefit of industry.

For this purpose I think the solution to the education bubble is to move higher education into the public education system. In my opinion that would result in a series of policies that would both increase the presence of higher education, and decrease the lifetime cost to the student.