If you were to log in, you'd be able to get more information on your fellow community member.
How about: cut tuition in half. Pass along tuition costs to the end-user which, in a sense, is not the student but the corporation that ultimately hires her upon graduation. Ie., make MIT a headhunter. MIT and other top schools could collude in a positive way (instead of on tuition and financial aid) -- charging commissions to employers. Students still can work for whomever they choose upon graduation, but they pay half tuition in exchange for agreeing to "register" their jobs, allowing MIT to charge its commission. There would be a number of loopholes to close, but do-able, I think. For example, any student caught violating the terms of the agreement would immediately be presented for a bill of the entire four-year cost of schooling. Any company making an end-run on the process would be suspended from hiring MIT grads -- any future hires would be immediately subjected to the present-student-will-full-bill treatment. Let's say MIT charges a commission over the first ...