But I'm floored that college remains such an established institution. With the ridiculous cost and unhelpful nature of a college degree post-graduation (at least for most non-tech/STEM/medicine majors), why haven't universities long since given way to models like Lambda School, but for every discipline?
The amount of people I know saddled with student debt who do nothing remotely close to their major, and who didn't even enjoy studying to begin with, is astounding. And this pattern repeats itself in Europe, though somewhat differently. There, instead of starting companies, people get a 6-year long Masters in Entrepreneurship or Marketing or Business, and go on to work unfulfilling middle-management jobs for stagnant, uninspiring companies.
I'm sure this is a prevalent malaise in Asia and developed parts of Africa and LatAm as well.
I don't think free college would fundamentally solve the problem, which is that college delivers very little value for most, and a lot of value for very few. For most studies, it's no longer a good system (IMO).