I feel the real issue is that Americans are comfy with their quality of life, and spend a lot of money on luxury educationm ending up with loans. People in Indi

I feel the real issue is that Americans are comfy with their quality of life, and spend a lot of money on luxury educationm ending up with loans. People in India for instance are used to a massively lower level of material comforts during education. As a result education is much cheaper (so we dont graduate with massive debts in India) and we are used to a lower quality of live (so 2 people living in a 2 bedroom apartment is still an upgrade). Americans will end up losing on money in such a system, cause they will want to maintain their quality of life, say living in independent studios with central climate control even in high CoL areas, and they need to pay back education loans which are much lower for people from India