Colleges and universities need to take the lead on this, and while there are some government restrictions on what we can do, there are some relatively simple things we can do that can make a real difference. The Responsible Borrowing Initiative at WGU is a case in point.
Technology offers us many opportunities to improve our output by customizing learning to individual needs, increasing productivity, expanding access, and most importantly, improving quality and affordability.
A bunch of colleges are going out of business, only they don't know it. They pretend that trimming costs and jacking tuition is a solution. They haven't come to terms with a world where anyone can learn anything almost anywhere for free or cheap.