This is why we need to police the phony deceptive for profit universities like Trump U.
Tell that to the young person that needs a degree to get a job that pays a living wage. There may be problems in the system that needs to be addressed but cutting off the ability to acquire the education and skills needed to get a good job is not the answer. It would in fact be moronic. Your solutions are typical. Free markets solve everything when in fact they don't. Government is the problem, not the solution. And screw those who don't have the means.
This is very much like the difference between Republicans and the Democrats on healthcare. Republicans want to kill the ACA supposedly because it has shortcomings. But they're not really interested in fixing healthcare, but killing it.
They're not interested in helping the poor, middle class or the uneducated, they're just interested in eliminating any burden they pose to the rest of society. The GOP is America's Ebenezer Scrooge. Everyone who has a need is picking their pocket and they'd rather those people die and reduce the excess population of the world.