We are producing and funding far too many undergraduates. Europe has much lower or even free tuition but the positions are rationed by applicants' ability . Not everyone who wants to go to university and has half decent marks gets accepted.
   A lot more high school grads should be encouraged to get a college certificate rather than go to university with a vague idea of what they want to be when they grow up.  
     Many university grads I know ended up then going to College after all to get the skills necessary to get a decent job.