Good; it will result in only the people who are actually likely to make some benefit from the education to get one, not everyone who has money or wishes to get

Good; it will result in only the people who are actually likely to make some benefit from the education to get one, not everyone who has money or wishes to get deeply in debt. College education is not for everyone, it doesn't pay for the simple and stupid reason that you can't buy yourself better brains, or better personality traits. If lower fraction of people go to college, ROI will increase as these will be people better suited to benefit from education, it will also make prices fall due to natural law of supply and demand. It is sad to see a ton of young people wasting best years of their lives for something which is of no benefit for them anyway. I did it too.