If people were so rational, everyone would go to college because the expected value of college still dwarfs the cost of college. Even for those individuals who would graduate with a significant amount of debt, it is far more worth it to have a degree than not.
Those calculations are by necessity based on estimates based on earlier generations of college graduates. Moreover, those results have a selection bias of people applying to college.
Finally, the reason why you can't implement your plan in the US is because it totally violates the 13th amendment. Do you really think it's a good idea to give colleges fractional ownership of a person?
Those calculations are by necessity based on estimates based on earlier generations of college graduates. Moreover, those results have a selection bias of people applying to college.
Finally, the reason why you can't implement your plan in the US is because it totally violates the 13th amendment. Do you really think it's a good idea to give colleges fractional ownership of a person?