[sunshinelackof]

The solution isn't to tune properties of the university to make it more efficient in the market. The university is not very compatible with markets. Professors and researchers are employed to study specific areas of research, typically independent of their market values, for decades. Of course it's all really important, that research feeds into a framework of tools that societies and corporations utilize.

The solution more likely involves making life easier for people who don't want to continue education. The high cost of college represents a fear that if you don't go to college, you're more likely to end up poor. From this perspective a lot of people are attending college that wouldn't if they felt they had other options. It's not hard to understand why people have this fear. 40% of American households don't have $400 to spend on an emergency. Unless we address the fear that opportunity is increasingly scarce the cost of opportunity will continue to rise.