Of course it won't do much for those currently saddled with debt, but it would make a huge difference for the next generation, and every generation to follow. Tuition rates are currently outpacing healthcare rates. Ending the infinite money supply will deal a massive blow to these infinitely increasing prices.
Completely agree, I still wouldn't tie anything to degree choice. That's just bad territory to be in.
But not everyone is going to college for the same reason. There's nothing wrong with going to college for "the experience" or to be a well-rounded individual. But again, that's not the only reason people go to college.
Precisely, which is why the cost issue is so problematic.
I think "the experience," just like culture mentioned, is a problem. College went from being, a place where you go to specify your intellectual pursuits, to "a place everyone goes between high school and job acquisition," again, this came before infinite money, that's what you have to fix.