It is important to recognize the value of a college degree in regards to a pay check means a candidate has undergone extensive training-- in thought development or trade. A college degree has value because a student spends years executing exercises which teach them to think or solve problems in a specific light. This solution assumes a few things:
- Targeting lower income students
- Cost of college has not diminished
- Student is pursuing a major/field of study that directly correlates with a job/career
The concept is simple. Corporations-- Advertising, Business, Engineering, Communications, Medical field etc. pair with students. The corporations will sponsor the undergraduate education of the student in exchange for the student completing a degree in the respective field. In exchange, the student would be equipped to contribute to the value of the firm after their graduation. The corporation would additionally receive the tuition equivalent tax break.
This lends itself The idea is that the company is investing in society and higher education rather than the government incurring student debt. This would have potential to catch fire as corporations continue to move towards social responsibility.
This would be a realistic way to mitigate the cost of college for low income students. It is important to acknowledge that this is exclusive to certain majors that lend themselves to a specific skill set that is in turn generates a competitive advantage for the student, making them a competitive candidate.