I disagree. The problem is not that parents and students are willing to pay huge sums, but that the government and banks are manipulating the system for profit. Under your scenario the only real degree is one in finance. This would mean that universities would be subsidizing financial corporations at the expense of the humanities and arts. Each person should be able to choose the major that fits one's talents. If the problem is greedy government and banks, maybe we should change to a system like that in France where college is free? The first two years of college were free in California where I was raised. Yes, it cost the state money, but California is first in technological advancement and in almost every other field, it seems. The question is:"Do we want an educated populace?" If so, we must change the student loan system and the real cost of college. Sadly. you have missed the entire purpose of the university which is the free exchange of ideas which creates new webs of neural pathways in students and actually elevates and enlightens the human race.