Good time to kill a stupid system

The East Valley Tribune has this article about the crisis in the student loan system. Perhaps it is time to do away with private indentured servitude of the current system and build one that makes more sense.

I have been very clear where I stand on this issue (education should be free), but I am well aware of the slim to none nature of it. Perhaps, if there was less capital in the system we will see the same price drop as in the housing market.

I am curious gentle readers, do you think college costs could be like housing prices? Would a drop in enrollment cause a drop in tuition. Of course, that would be a disaster for our country, but this is more an intellectual exercise.