many people can't afford to go to college because of exorbitant tuition prices
Don't worry, it seems the more expensive a University is, the worse the quality of the education. Go find a nice tax supported state Uni. Mine had a 90% in-state discount and the other 10% was easily covered loans or one of the many state grants. TONS of state grants. If you ignore food and housing, college is virtually free for any family making making average income.
A higher risk where? Most college graduates are garbage.
I won't argue with "Most college graduates are garbage", but I still stand by no degree is still a higher risk.
Living on Earth may be expensive, but it includes an annual free trip around the Sun.