We tell our children to get a good education but don't help them avoid predatory schools so they end up deep in debt. Betsy Devos is complicit here although it's been going on for years.I think that would be a horrible idea. Some of those loans are the result of people paying stupid amounts of money to go to expensive private colleges (I live in an area that benefits from that, but I still think it's stupid) or adding unnecessary expense by going out of state.
Standard path should be community college and then state colleges offering bachelors. You don't subsidize beyond that.
But there are other things that need to be done structurally to lower cost.
I think we need to bail out our children. We did it for the banks when they made bad decisions.... Also auto industry, etc.