I just had an idea this morning for how to fund universities that I think could solve many of the issues associated with student loans. The idea is that instead

I just had an idea this morning for how to fund universities that I think could solve many of the issues associated with student loans. The idea is that instead of students paying tuition, they would sign contracts to pay a fraction of their income for several years after graduation, e.g. 1% of income for 15 years (perhaps with a cap). Enforcement could be difficult, but this would much better align incentives with the desired result, i.e. to educate! It would also incentivise universities to help alumni get and hold high paying jobs. Starting such a university would require a lot of startup capital, but it would become self sustaining in less than a decade.