[Kaiyou]

The problem I see is that higher education never really improved performance of anyone. The way it historically worked was that higher education institutions would admit only the smartest people around and so only the smartest people would come out of them, too. Smartest roughly equates to highest performing.

Employers would then be able to use the certificate from those institutions to filter for only the smartest people since those were already filtered for to begin with to be eligible to get such a certificate.

If you put people into higher education that ain't already the smartest, you will get people coming out of higher education that ain't the smartest and employers will learn the hard way that the certificate in question is worthless and will begin to filter through other means. Now those students sit on debt they have no way to pay off, since high paying employers will find the smartest people around some other way.