Three things. 1. Eliminate federal funding and the result will be reduced tuition costs. 2. Don't attend a college or university that you cannot afford. 3. Attend junior college or a state school for 2 years and transfer into a more exp4nwive/prestigious school if they offer the program or discipline of sttudy. Most undergrads do not benefit from a private university education. They go because their parents pay for it. As far as kids defaulting on student loans, that's been going on longer than I care to research. As a freshman, kids would show up to campus and hang out until all of their checks came in, then they'd leave. The school became much less crowded and more tranquil with the riff raff gone. Do you think those kids had any intention of paying back thein student loans? Nope.