The student loan crisis will dwarf the housing market crash.

Interesting article.

2-year Universities: Who made up the rule that we have to attend college for 4 years?

Tertiary education does take a hell of a long time in the US. In my field, and in my generation, most UK students got their PhDs around 24-25 years of age; for the US students it was more like 27-28. Yes, if that is a real effect that would definitely be a problem.

I can think of two factors that may be affecting this (I have no data):

1. The level of the student arriving at college. Yes you can probably get a professional degree in 2 years with no holiday breaks, provided your college doesn't have to teach you basics.

2. The fact that US colleges cost so much money potentially create a vicious cycle - you need a job to pay for college, which means you need enough spare hours in which to work, which means you have to space out your courses, which means you need more money etc etc.

I would be certainly interested in views from US graduates as to why they feel it takes so long.

"3. College Loan Repayment Reform: If anyone files for bankruptcy, the student loan should go along with it."

No, no, no, no. This penalizes the people who pay back their loans far too much. Who wouldn't just go into bankruptcy if they couldn't pay back the loan? Unlike other loans, the bank can't take your degree back. Interest rates will go up for everyone as it becomes a riskier loan. Suddenly people who had fully intended to pay the loan back will be crushed under higher interest rates.

This crisis won't be the same at all, because you can't discharge student loan debt. There is currently no reason for a lender to bother examining the loan because repayment is virtually guaranteed. Having the federal government take over the loans will only make the problem worse. Educational institutions are able to raise their prices precisely because they know that with a combination of federal and state grants and loans, anyone can go to college so why not inflate the prices sky-high?

That's what happens when you mix unlimited government subsidies into what used to be a free-market system.

I actually just created an account (pretty grueling process, I deserve some credit) to add my 2c: while focusing on professional skills and experience is a great thing for any curriculum, there is a value in "broadened horizons" that cannot be ignored.

Specifically, I found that the networking (meeting those outside your potential field) and ability to see things from other perspectives was invaluable in my college experience. This breaks down the "siloing" effect that I see a lot of talented CS majors have problems with, an effect that is consequently ruining the business world. Taking off the blinders once in awhile is a good thing, regardless how seemingly useless that Drama 101 class is. It's all what you make of it...

I'd say it's a combination of your #1 - I 'relearned' a LOT of stuff in my first year- and the same phenomenon inside the university, between classes.

It's terrible, and eats a lot of time. Essentially, your professors can't completely count on what professors of pre-req classes have taught you, and often have to review some things. This problem is compounded when the school admits community college students, whose classes inevitably never match up well to the University courses, so they wind up trailing.

I've also been in classes where a class that was NOT a pre-req SHOULD have been a pre-req; for example, I took a class in sensors, and learned a lot about filters in the process. A huge component of using electronic sensors is filter design, so it was a very appropriate class to learn about filters in. After that, I took quite a few classes that used filters, but didn't require any pre-existing filter courses, so the professor would have to (briefly) teach filters again every time.