Universities are heavily subsidized industries with little or no oversight. Any other industry has all kinds of regulations and consumer protections they have

Universities are heavily subsidized industries with little or no oversight. Any other industry has all kinds of regulations and consumer protections they have to comply with. A university is allowed to sell degrees to unsophisticated buyers, and if the degree is worthless, they are not on the hook. Who else can do that? Universities never experience recessions or any other kind of contraction, so they never have to shed dead weight. The administrator to student/faculty ratio is way out of whack. Student loans should be guaranteed by the university, not by the government. If the university has enough confidence in admitting a person and conferring a degree, they should stand behind it.