Thoughtful replies here, thanks. Perhaps letting rates vary across institutions might be the simplest improvement. That would help Stanford students and make

Thoughtful replies here, thanks. Perhaps letting rates vary across institutions might be the simplest improvement. That would help Stanford students and make it hard to attend lower tier colleges. So we’d also need a way to advantage community colleges with a service mission. The big losers would be lower-tier, high-cost private schools and for-profits. But that’s a good thing- those are the schools that are breaking the American educational system and loading up students with low-value degrees and high debt.