Are so totally out of whack in the first place. If the government didn't massively subsidize education, the market would have to adjust to reality. In practice, that means that colleges who wanted top students would have to offer incentives to get them and would have to keep costs low as possible for everyone in order to make sure they filled their classes. Today, they don't have enough incentive to keep costs low and/or offer aid because there are too many people who will just take a loan.

Sadly, because average intelligence and world experience is lower in people choosing from schools at the bottom of the barrel, the people who are least likely to get value from their education (because the schools they are qualified for aren't good) are MOST likely to get into way too much debt for school (because they are less prepared to understand whether the debt they are getting into is a good idea).