Alleviating debt and making it easier to pay more expensive loans incentivizes colleges to compete to attract students who can now affors higher price points
For example, School Yourself is the single best math program I've ever discovered on the internet: https://www.edx.org/course/introduction-algebra-schoolyourse...
Compare that to the Calc1 course from MIT on EdX as well. The algebra course engages you, helps you think through problems, and offers a customized learning path with a virtual tutor. The MIT course is just lecture and reading materials, it's not interactive, and it doesn't help you to discover the topics on your own in the same way that School Yourself does.
I desperately want to see a focused study program from an entity like EdX that takes a person from algebra to discrete mathematics using the model of School Yourself. I also want to see a similar course path for physics and chemistry.
Being a liberal arts major I wouldn't be where I am in technology today if it wasn't for friends, IRC, and places like EdX. I was willing to literally sift through hundreds of hours of content to get here though. Not everyone has that kind of time or interest, we need to make it easier for everyone to learn.
If we can just have a single platform that really focuses on bringing value to the individual and giving them a strong base to work from piece by piece, then we would have so many more mathematicians, physicists, engineers, programmers, etc.., all without crushing student debt. Imagine the innovation that we could realize!
The implication here is usually that the amount of money they get from the state is insufficient to keep up with costs, therefore universities are forced to raise tuition. I don't think this is true. I suspect universities would raise tuition anyway, and if they got more money from the state, they would just increase their costs even more.
[1] https://trends.collegeboard.org/college-pricing/figures-tabl...
My time as faculty is just the tip of the iceberg: the cost of the buildings and grounds, IT costs, academic and administrative support, and the costs to support research, let alone student services and things like admissions, career services, etc.
My father was an engineer that spent his retirement volunteering to teach computer skills to anyone who was interested. I will be retiring in a few years and I plan to follow in his footsteps, however humble my contributions may be. I would love to contribute to a change that would make high quality education available to many more people at a much lower costs, but as a long time participant in MOOCs, I am just not sure they are the way.