[adamjernst]

That's precisely what he argued though: "A 2010 study by the Goldwater Institute identified "administrative bloat" as a leading reason for higher costs. The study found that many American universities now have more salaried administrators than teaching faculty."

What's more he doesn't propose eliminating federal aid or loan guarantees, he advocates letting you discharge student loan debt in bankruptcy and putting colleges on the hook for some percentage of that default.

Sounds like a great idea to me. Schools that equip their students for well-paying jobs have nothing to fear, but diploma mills out for easy loan money will suffer.