Note that there is a group of people with a vested interest in pushing the agenda that too many people go to college, especially borrowing money for it — rich people’s children who don’t need loans for university. Reducing the competition is a dandy idea from their view. And even if they don’t think that way — the fact of reducing the number of kids in higher education is almost certainly a recipe for creating not just greater income inequality, but increasing the harsh qualitative fact of class division, particularly between sectors of white collar workers, the lower and upper elites of the New Class that I discussed several weeks ago in another post.
The Volokh Conspiracy (via wwnorton)