While they strongly believe that system change must come at the legislative level, Bakalian and Meneghello cite a lack of financial literacy among borrowers and their families as one of the factors that leads students to assume debt burdens that may take them decades to make a dent in repaying.
If students facing large debts decide that a so-so course at a so-so university isn't so attractive after all, there may be summer sales, with places going cheap in clearing, or perhaps early-bird discounts for students who make a particular institution their first choice.