Limiting the number of years is rather inflexible and can lock people out for mistakes or significant changes in the market place (such as graduating into a glo

Limiting the number of years is rather inflexible and can lock people out for mistakes or significant changes in the market place (such as graduating into a global recession). I personally have found that due to rules in my state, that I am prevented from going back and pursuing a computer science degree, because there are such limits in place. This also doesn't consider that people from worse are backgrounds tend to take longer to get through school. This can range from personal or family sickness (caring for parents is common). We always hear from the proud examples of people who overcame their circumstances, but it creates a survivor bias. From an economic perspective, we are missing out when people get locked out for life who could contribute more to the economy. That's less wealth being created. I just point that out because while it's easy for us to come up with seemingly simply solutions, but without any built-in flexibility we're back to the same place.