There is a valuable lesson being taught here-- if you want something, like higher education, you are going to need to work for it. For some, this means taking out loans and working after college in order to pay off debt. On the other hand, it would be interesting to see high school grads taking a couple of years after high school to work and invest in their future. As a result of this, I think students would take their college experience more seriously. This would also instill patience and build maturity, valuable qualities that we certainly can't have enough of today.
This is something to think about, for sure. I feel that where my four year university excels is in the major-specific courses, and that the early core-curriculum classes are about getting herds of students through required classes. Students and teachers don't give these classes the attention they deserve. So it would probably be beneficial to look for cheaper options elsewhere.